4505 N Carefree CirColorado 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 4505 N Carefree Cir, Colorado Springs, CO, 80917 generates $1,570/mo in rent and, after a $1,072/mo payment, leaves $294/mo in cash flow. Total monthly income is $1,570/mo, and annual cash flow is $3,523/yr on $72,599 invested. Return on cash invested sits at 24.76% in year one, and rental yield is 8.6% on a $219,000 entry. Equity gained on principal adds $1,413/yr, while 5% annual appreciation builds toward $60,506 over five years. Five-year ROI reaches 128.43% and total cumulative return in cash sums $93,237. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,570/mo property income rather than buyer’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
No 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: Jodi Jean Cubbage ABR GRI MRP PPRES SFR SRES • Seller's Broker Realty, Inc
Mls Name: Pikes Peak MLS
Mls ID: #1862101