411 Lakewood Cir APT A506Colorado SpringsCO80910
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 411 Lakewood Cir APT A506, Colorado Springs, CO, 80910 uses $41,438 cash to close to unlock $4,780/yr annual cash flow and $398/mo monthly cash flow. Total monthly income runs $1,127/mo, and a $612/mo payment keeps the spread at $398/mo. Purchase price stands at $125,000, and rental yield measures 10.82% with $1,127/mo rent. Return on cash invested shows 31.44% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 164.3% and total cumulative return in cash records $68,081. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,127/mo property income covering a $612/mo payment rather than investor’s personal income.
Condo
Built in 1969
196.02 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80910, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,937 (100%) |
| Owner Occupied HU | 5,679 (40.7%) |
| Renter Occupied HU | 7,488 (53.7%) |
| Vacant Housing Units | 770 ( 5.5%) |
| Median Home Value | $353,343 |
| Average Home Value | $395,016 |
Housing Distribution
Address Breakdown
Residential
13,427
Single Family
10,496
Multi-Family
2,931
Businesses
634
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jason Lyman • The Cutting Edge
Mls Name: Pikes Peak MLS
Mls ID: #6019984