604 Bryce DrColorado SpringsCO80910
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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 604 Bryce Dr, Colorado Springs, CO, 80910 priced at $340,000 converts $2,720/mo rent into $739/mo cash flow after a $1,664/mo obligation. Total monthly income equals $2,720/mo, and annual cash flow totals $8,864/yr on $112,710 invested. Return on cash invested prints 27.77% in year one, and rental yield reads 9.6% against a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation compiles into $93,936 by year five. Five-year ROI reaches 144.55% and total cumulative return in cash sums $162,918. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,720/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 1961
8,245 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80910, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,937 (100%) |
| Owner Occupied HU | 5,679 (40.7%) |
| Renter Occupied HU | 7,488 (53.7%) |
| Vacant Housing Units | 770 ( 5.5%) |
| Median Home Value | $353,343 |
| Average Home Value | $395,016 |
Housing Distribution
Address Breakdown
Residential
13,427
Single Family
10,496
Multi-Family
2,931
Businesses
634
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Listed by: Paul Botz ABR C2EX CDPE GRI MRP PPRES PSA SFR • REMAX PROPERTIES
Mls Name: Pikes Peak MLS
Mls ID: #6958560