542 Observatory DrColorado SpringsCO80904
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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
Investment property for sale in Colorado Springs at 542 Observatory Dr, Colorado Springs, CO, 80904 at $265,000 posts ROI 20.23% with $24/mo cash flow from $1,943/mo rent. Total monthly income equals $1,943/mo, and annual cash flow records $284/yr on $87,848 to close. Return on cash invested measures 20.23% and rental yield reads 8.8% at the current $265,000. Equity gained on principal adds $1,710/yr, and 5% annual appreciation supports $73,215 by year five. Five-year ROI prints 105.96% and total cumulative return in cash totals $93,087.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,943/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1984
0.12 sqft lot
$N/A/sqft
$375 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80904, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,295 (100%) |
| Owner Occupied HU | 5,756 (51.0%) |
| Renter Occupied HU | 4,554 (40.3%) |
| Vacant Housing Units | 985 ( 8.7%) |
| Median Home Value | $570,715 |
| Average Home Value | $629,491 |
Housing Distribution
Address Breakdown
Residential
10,765
Single Family
9,323
Multi-Family
1,442
Businesses
839
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Listed by: Jessica Maloney ABR GRI • Gold Group Realty, LLC
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #9996365
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