580 E Cheyenne Mountain BlvdColorado SpringsCO80906
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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 580 E Cheyenne Mountain Blvd, Colorado Springs, CO, 80906 generates $3,508/mo in rent and, after a $2,863/mo payment, leaves $99/mo in cash flow. Total monthly income is $3,508/mo, and annual cash flow is $1,188/yr on $192,465 invested. Return on cash invested sits at 20.68% in year one, and rental yield is 7.2% on a $585,000 entry. Equity gained on principal adds $3,775/yr, while 5% annual appreciation builds toward $161,625 over five years. Five-year ROI reaches 106.45% and total cumulative return in cash sums $204,870. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,508/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
0.29 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
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Listed by: J.P. Speers • Bhhs Rocky Mountain Realtors
Mls Name: Royal Gorge AOR
Mls Provider:
Mls ID: #1848876
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