411 Lakewood Cir APT C902Colorado SpringsCO80910
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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
Rental property for sale in Colorado Springs at 411 Lakewood Cir APT C902, Colorado Springs, CO, 80910 generates $776/mo in rent and, after a $489/mo payment, leaves $194/mo in cash flow. Total monthly income is $776/mo, and annual cash flow is $2,324/yr on $33,150 invested. Return on cash invested sits at 26.92% in year one, and rental yield is 9.31% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 139.96% and total cumulative return in cash sums $46,396. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $776/mo property income rather than buyer’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
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Listed by: Tiffany Canady MRP • Real Broker, LLC DBA Real
Mls Name: Pikes Peak MLS
Mls ID: #5259456