3938 Encino StreetColorado SpringsCO80918
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3938 Encino Street, Colorado Springs, CO, 80918 listed at $349,000 pairs $2,225/mo rent with a $1,708/mo payment to leave $191/mo cash flow. Total monthly income runs $2,225/mo, and annual cash flow reaches $2,295/yr on $115,694 cash to close. Return on cash invested measures 21.89% in year one, and rental yield registers 7.65% at a $349,000 basis. Equity gained on principal adds $2,252/yr, and annual property appreciation at 5% supports $96,422 by year five. Five-year ROI tracks 113.03% and total cumulative return in cash totals $130,764. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,225/mo property income relative to a $1,708/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1969
6,825 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80918, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,773 (100%) |
| Owner Occupied HU | 11,383 (57.6%) |
| Renter Occupied HU | 7,597 (38.4%) |
| Vacant Housing Units | 793 ( 4.0%) |
| Median Home Value | $481,275 |
| Average Home Value | $562,245 |
Housing Distribution
Address Breakdown
Residential
19,829
Single Family
15,917
Multi-Family
3,912
Businesses
1,649
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian Evins • Brian Evins
Mls Name: REcolorado
Mls ID: #6910823