490 Dix CirColorado SpringsCO80911
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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 490 Dix Cir, Colorado Springs, CO, 80911 priced at $423,900 converts $2,674/mo rent into $203/mo cash flow after a $2,075/mo obligation. Total monthly income equals $2,674/mo, and annual cash flow totals $2,440/yr on $140,523 invested. Return on cash invested prints 21.65% in year one, and rental yield reads 7.57% against a $423,900 entry. Equity gained on principal adds $2,735/yr, while 5% annual appreciation compiles into $117,116 by year five. Five-year ROI reaches 111.69% and total cumulative return in cash sums $156,955. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,674/mo property income covering a $2,075/mo payment, not borrower’s personal income.
Single Family
Built in 1986
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80911, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,283 (100%) |
| Owner Occupied HU | 9,460 (77.0%) |
| Renter Occupied HU | 2,291 (18.7%) |
| Vacant Housing Units | 532 ( 4.3%) |
| Median Home Value | $433,182 |
| Average Home Value | $486,684 |
Housing Distribution
Address Breakdown
Residential
12,102
Single Family
11,873
Multi-Family
229
Businesses
219
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Listed by: Joan Musgrove GRI • Assist 2 Sell Buyers and Sellers Real Estate Services, LLC
Mls Name: Pikes Peak MLS
Mls ID: #6855881