506 Orion PlColorado SpringsCO80906
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
Investment Highlights
Rental property for sale in Colorado Springs at 506 Orion Pl, Colorado Springs, CO, 80906 priced at $1,024,000 converts $3,034/mo rent into after a $5,012/mo obligation. Total monthly income equals $3,034/mo. Return on cash invested prints 9.76% in year one, and rental yield reads 3.56% against a $1,024,000 entry. Equity gained on principal adds $6,608/yr, while 5% annual appreciation compiles into $282,912 by year five. Five-year ROI reaches 47.84% and total cumulative return in cash sums $158,715. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,034/mo property income covering a $5,012/mo payment, not borrower’s personal income.
Single Family
Built in 1980
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80906, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,829 (100%) |
| Owner Occupied HU | 9,253 (55.0%) |
| Renter Occupied HU | 6,380 (37.9%) |
| Vacant Housing Units | 1,196 ( 7.1%) |
| Median Home Value | $632,553 |
| Average Home Value | $699,557 |
Housing Distribution
Address Breakdown
Residential
16,320
Single Family
13,580
Multi-Family
2,740
Businesses
788
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lindsay Parrish • REMAX PROPERTIES
Mls Name: Pikes Peak MLS
Mls ID: #9601853