4477 N Carefree Cir APT BColorado SpringsCO80917
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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 4477 N Carefree Cir APT B, Colorado Springs, CO, 80917 priced at $212,900 converts $1,619/mo rent into $33/mo cash flow after a $1,042/mo obligation. Total monthly income equals $1,619/mo, and annual cash flow totals $399/yr on $70,576 invested. Return on cash invested prints 20.48% in year one, and rental yield reads 9.13% against a $212,900 entry. Equity gained on principal adds $1,374/yr, while 5% annual appreciation compiles into $58,820 by year five. Five-year ROI reaches 107.58% and total cumulative return in cash sums $75,926. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,619/mo property income covering a $1,042/mo payment, not borrower’s personal income.
Condo
Built in 1972
418.18 sqft lot
$N/A/sqft
$345 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80917, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,977 (100%) |
| Owner Occupied HU | 7,367 (52.7%) |
| Renter Occupied HU | 5,971 (42.7%) |
| Vacant Housing Units | 639 ( 4.6%) |
| Median Home Value | $435,250 |
| Average Home Value | $485,594 |
Housing Distribution
Address Breakdown
Residential
13,327
Single Family
11,286
Multi-Family
2,041
Businesses
554
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Listed by: Aimee Fletcher CLHMS GRI • Exp Realty LLC
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #7286537
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