3761 Homestead Ridge HtsColorado SpringsCO80917
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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 3761 Homestead Ridge Hts, Colorado Springs, CO, 80917 offers a 7.1% rental yield on a $345,000 purchase with $2,040/mo rent. Total monthly income registers $2,040/mo, and a $1,689/mo payment leaves $29/mo available for distribution. Annual cash flow reaches $348/yr on $114,368 to close, and return on cash invested stands at 20.21% in year one. Equity gained on principal adds $2,226/yr while 5% annual appreciation supports $95,317 over five years. Portfolio math shows five-year ROI at 103.98% and total cumulative return in cash at $118,924. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,040/mo property income against a $1,689/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2005
936.54 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80917, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,977 (100%) |
| Owner Occupied HU | 7,367 (52.7%) |
| Renter Occupied HU | 5,971 (42.7%) |
| Vacant Housing Units | 639 ( 4.6%) |
| Median Home Value | $435,250 |
| Average Home Value | $485,594 |
Housing Distribution
Address Breakdown
Residential
13,327
Single Family
11,286
Multi-Family
2,041
Businesses
554
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Listed by: Jeffrey Johnson • Keller Williams Premier Realty
Mls Name: Pikes Peak MLS
Mls ID: #9942751