3638 Iguana DrColorado SpringsCO80910
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Colorado Springs at 3638 Iguana Dr, Colorado Springs, CO, 80910 generates $1,127/mo in rent and, after a $857/mo payment, leaves $107/mo in cash flow. Total monthly income is $1,127/mo, and annual cash flow is $1,280/yr on $58,013 invested. Return on cash invested sits at 22.12% in year one, and rental yield is 7.73% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 114.21% and total cumulative return in cash sums $66,259. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,127/mo property income rather than buyer’s personal income.
Condo
Built in 1983
300.56 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80910, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,937 (100%) |
| Owner Occupied HU | 5,679 (40.7%) |
| Renter Occupied HU | 7,488 (53.7%) |
| Vacant Housing Units | 770 ( 5.5%) |
| Median Home Value | $353,343 |
| Average Home Value | $395,016 |
Housing Distribution
Address Breakdown
Residential
13,427
Single Family
10,496
Multi-Family
2,931
Businesses
634
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Listed by: Jeffrey Johnson • Keller Williams Premier Realty
Mls Name: Pikes Peak MLS
Mls ID: #3577852