535 Fleming StColorado SpringsCO80911
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 535 Fleming St, Colorado Springs, CO, 80911 priced at $440,000 converts $2,419/mo rent into after a $2,154/mo obligation. Total monthly income equals $2,419/mo. Return on cash invested prints 18.71% in year one, and rental yield reads 6.6% against a $440,000 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation compiles into $121,564 by year five. Five-year ROI reaches 95.96% and total cumulative return in cash sums $139,966. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,419/mo property income covering a $2,154/mo payment, not borrower’s personal income.
Single Family
Built in 1996
7,801 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tania Blackwell • RE/MAX Real Estate Group LLC
Mls Name: Pikes Peak MLS
Mls ID: #8776358