5370 Solar Ridge DrColorado SpringsCO80917
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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 5370 Solar Ridge Dr, Colorado Springs, CO, 80917 priced at $290,000 converts $2,202/mo rent into $322/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,202/mo, and annual cash flow totals $3,868/yr on $96,135 invested. Return on cash invested prints 23.93% in year one, and rental yield reads 9.11% against a $290,000 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,122 by year five. Five-year ROI reaches 124.83% and total cumulative return in cash sums $120,004. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,202/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Townhouse
Built in 1985
435.60 sqft lot
$N/A/sqft
$190 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80917, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,977 (100%) |
| Owner Occupied HU | 7,367 (52.7%) |
| Renter Occupied HU | 5,971 (42.7%) |
| Vacant Housing Units | 639 ( 4.6%) |
| Median Home Value | $435,250 |
| Average Home Value | $485,594 |
Housing Distribution
Address Breakdown
Residential
13,327
Single Family
11,286
Multi-Family
2,041
Businesses
554
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Listed by: Nathan Johnson ABR CRS GRI MRP • RE/MAX Real Estate Group LLC
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #7085050
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