505 Iowa AveColorado SpringsCO80909
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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
Investment property for sale in Colorado Springs at 505 Iowa Ave, Colorado Springs, CO, 80909 with 5% annual appreciation on a $389,998 basis while $2,520/mo rent supports operations. Total monthly income totals $2,520/mo and a $1,909/mo payment preserves $247/mo for cash returns. Annual cash flow comes to $2,964/yr on $129,284 deployed, and return on cash invested reaches 22.2% in year one. Equity gained on principal adds $2,517/yr, and five-year appreciation sums $107,749 alongside rental yield of 7.75%. Five-year ROI measures 114.65% and total cumulative return in cash totals $148,220.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,520/mo property income versus a $1,909/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1956
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80909, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,664 (100%) |
| Owner Occupied HU | 7,798 (46.8%) |
| Renter Occupied HU | 7,953 (47.7%) |
| Vacant Housing Units | 913 ( 5.5%) |
| Median Home Value | $420,379 |
| Average Home Value | $475,993 |
Housing Distribution
Address Breakdown
Residential
16,185
Single Family
13,788
Multi-Family
2,397
Businesses
1,840
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Listed by: Angela Byrne • Byrne Real Estate and Property Management PLLC
Mls Name: Pikes Peak MLS
Mls ID: #1431463