4215 Grassy CtColorado SpringsCO80916
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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 4215 Grassy Ct, Colorado Springs, CO, 80916 generates $2,508/mo in rent, after a $2,176/mo payment. Total monthly income is $2,508/mo. Return on cash invested sits at 19.23% in year one, and rental yield is 6.77% on a $444,500 entry. Equity gained on principal adds $2,868/yr, while 5% annual appreciation builds toward $122,807 over five years. Five-year ROI reaches 98.78% and total cumulative return in cash sums $145,555. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,508/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
0.27 Acres 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: Pamela Macklin • Iconic Colorado Properties, LLC
Mls Name: Pikes Peak MLS
Mls ID: #2122455