615 N Hancock AvenueColorado SpringsCO80903
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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
Investment property for sale in Colorado Springs at 615 N Hancock Avenue, Colorado Springs, CO, 80903 earns $182/mo cash flow from $2,193/mo rent with a $1,689/mo payment. Total monthly income totals $2,193/mo, and annual cash flow totals $2,184/yr on $114,368 capital. ROI tracks 21.82% on current figures, and rental yield reads 7.63% at a $345,000 purchase. Equity gained on principal adds $2,226/yr, and 5% annual appreciation supports $95,317 over five years. Five-year ROI reaches 112.6% and total cumulative return in cash sums $128,776. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,193/mo property income instead of your personal income.
Single Family
Built in 1924
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80903, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,675 (100%) |
| Owner Occupied HU | 2,645 (27.3%) |
| Renter Occupied HU | 5,187 (53.6%) |
| Vacant Housing Units | 1,843 (19.0%) |
| Median Home Value | $512,438 |
| Average Home Value | $566,039 |
Housing Distribution
Address Breakdown
Residential
7,527
Single Family
5,875
Multi-Family
1,652
Businesses
1,867
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Listed by: Sara Bargeron • Real Broker, LLC DBA Real
Mls Name: REcolorado
Mls Provider:
Mls ID: #5185028
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