3747 Riviera Grv APT 103Colorado SpringsCO80922
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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
Investment property for sale in Colorado Springs at 3747 Riviera Grv APT 103, Colorado Springs, CO, 80922 uses $95,141 cash to close to unlock $4,934/yr annual cash flow and $411/mo monthly cash flow. Total monthly income runs $2,084/mo, and a $1,405/mo payment keeps the spread at $411/mo. Purchase price stands at $287,000, and rental yield measures 8.71% with $2,084/mo rent. Return on cash invested shows 25.09% in year one, and 5% annual appreciation builds toward $79,293 over five years. Five-year ROI reaches 130.21% and total cumulative return in cash records $123,886. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,084/mo property income covering a $1,405/mo payment rather than investor’s personal income.
Condo
Built in 2000
596.77 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80922, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,243 (100%) |
| Owner Occupied HU | 8,431 (68.9%) |
| Renter Occupied HU | 3,022 (24.7%) |
| Vacant Housing Units | 790 ( 6.5%) |
| Median Home Value | $457,514 |
| Average Home Value | $495,259 |
Housing Distribution
Address Breakdown
Residential
12,520
Single Family
11,271
Multi-Family
1,249
Businesses
284
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Listed by: Krisanne Young • Shorewood Real Estate SOCO
Mls Name: Pikes Peak MLS
Mls ID: #7996838