502 E San Miguel StColorado SpringsCO80903
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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
Total monthly income runs $2,319/mo, and a $2,129/mo payment. Purchase price stands at $434,900, and rental yield measures 6.4% with $2,319/mo rent. Return on cash invested shows 18.11% in year one, and 5% annual appreciation builds toward $120,155 over five years. Five-year ROI reaches 92.75% and total cumulative return in cash records $133,721. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,319/mo property income covering a $2,129/mo payment rather than investor’s personal income.
Single Family
Built in 1900
3,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80903, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,675 (100%) |
| Owner Occupied HU | 2,645 (27.3%) |
| Renter Occupied HU | 5,187 (53.6%) |
| Vacant Housing Units | 1,843 (19.0%) |
| Median Home Value | $512,438 |
| Average Home Value | $566,039 |
Housing Distribution
Address Breakdown
Residential
7,527
Single Family
5,875
Multi-Family
1,652
Businesses
1,867
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Listed by: Tanya Stevenson ABR CDPE GRI PSA • Park Avenue Properties of Colorado Springs, LLC
Mls Name: Pikes Peak MLS
Mls ID: #8874218