480 W 9th AveSpringfieldCO81073
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 480 W 9th Ave, Springfield, CO, 81073 in Springfield earns a 8.3% gross yield at $190,000. Rent of $1,314/mo nets $207/mo after the $854/mo mortgage. The 1.54 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $52,494 and $1,750/yr in equity accumulation project a total cumulative return of $85,095.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 6.5% |
| Monthly Cash Flow | $207 | $500 |
City averages based on Springfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,314 |
| Total Monthly Debt Service | $1,032 |
| DSCR Ratio | 1.27x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Single Family
Built in 1949
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81073, Springfield, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 961 (100%) |
| Owner Occupied HU | 550 (57.2%) |
| Renter Occupied HU | 244 (25.4%) |
| Vacant Housing Units | 167 (17.4%) |
| Median Home Value | $202,083 |
| Average Home Value | $276,959 |
Housing Distribution
Address Breakdown
Residential
850
Single Family
818
Multi-Family
32
Businesses
136
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
Single Family
Built in 1949
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81073, Springfield, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 961 (100%) |
| Owner Occupied HU | 550 (57.2%) |
| Renter Occupied HU | 244 (25.4%) |
| Vacant Housing Units | 167 (17.4%) |
| Median Home Value | $202,083 |
| Average Home Value | $276,959 |
Housing Distribution
Address Breakdown
Residential
850
Single Family
818
Multi-Family
32
Businesses
136
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Darrell Mackey • Mackey Realty
Mls Name: PAR
Mls ID: #235849