408 Kitfield VwColorado SpringsCO80916
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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 408 Kitfield Vw, Colorado Springs, CO, 80916 at $218,500 posts ROI 22.1% with $132/mo cash flow from $1,405/mo rent. Total monthly income equals $1,405/mo, and annual cash flow records $1,585/yr on $72,433 to close. Return on cash invested measures 22.1% and rental yield reads 7.72% at the current $218,500. Equity gained on principal adds $1,410/yr, and 5% annual appreciation supports $60,368 by year five. Five-year ROI prints 114.16% and total cumulative return in cash totals $82,688.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,405/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2001
487.87 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80916, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,222 (100%) |
| Owner Occupied HU | 8,003 (52.6%) |
| Renter Occupied HU | 6,622 (43.5%) |
| Vacant Housing Units | 597 ( 3.9%) |
| Median Home Value | $318,022 |
| Average Home Value | $344,349 |
Housing Distribution
Address Breakdown
Residential
15,603
Single Family
12,869
Multi-Family
2,734
Businesses
609
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Listed by: Elizabeth Kim • Harmony Real Estate Group, Inc
Mls Name: Pikes Peak MLS
Mls ID: #2672750