417 E Kiowa St UNIT 1204Colorado SpringsCO80903
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 417 E Kiowa St UNIT 1204, Colorado Springs, CO, 80903 in Colorado Springs. Rental yield 3.2%. At $550,000 with 3.2% gross yield, current distributions are modest, but the 5% appreciation rate projects $151,955 in new equity by year five, complemented by $5,066/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.59) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $95,766.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.2% | 6.2% |
| Monthly Cash Flow | $(1,739) | $285 |
City averages based on Colorado Springs market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,466 |
| Total Monthly Debt Service | $2,986 |
| DSCR Ratio | 0.49x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80903, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,675 (100%) |
| Owner Occupied HU | 2,645 (27.3%) |
| Renter Occupied HU | 5,187 (53.6%) |
| Vacant Housing Units | 1,843 (19.0%) |
| Median Home Value | $512,438 |
| Average Home Value | $566,039 |
Housing Distribution
Address Breakdown
Residential
7,527
Single Family
5,875
Multi-Family
1,652
Businesses
1,867
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
Condo
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80903, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,675 (100%) |
| Owner Occupied HU | 2,645 (27.3%) |
| Renter Occupied HU | 5,187 (53.6%) |
| Vacant Housing Units | 1,843 (19.0%) |
| Median Home Value | $512,438 |
| Average Home Value | $566,039 |
Housing Distribution
Address Breakdown
Residential
7,527
Single Family
5,875
Multi-Family
1,652
Businesses
1,867
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cynthia Minks MRP • Minks Relocation Services
Mls Name: Pikes Peak MLS
Mls ID: #9937195