3976 Riviera Grv APT 101Colorado 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 3976 Riviera Grv APT 101, Colorado Springs, CO, 80922 offers a 10.73% rental yield on a $274,000 purchase with $2,449/mo rent. Total monthly income registers $2,449/mo, and a $1,341/mo payment leaves $852/mo available for distribution. Annual cash flow reaches $10,227/yr on $90,831 to close, and return on cash invested stands at 31.17% in year one. Equity gained on principal adds $1,768/yr while 5% annual appreciation supports $75,701 over five years. Portfolio math shows five-year ROI at 162.77% and total cumulative return in cash at $147,849. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,449/mo property income against a $1,341/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2000
696.96 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: Sean Andrews MRP • Corcoran Perry & Co.
Mls Name: Pikes Peak MLS
Mls ID: #2573252