615 W Monument StColorado SpringsCO80905
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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 W Monument St, Colorado Springs, CO, 80905 with 5% annual appreciation on a $444,500 basis while $2,694/mo rent supports operations. Total monthly income totals $2,694/mo and a $2,176/mo payment preserves $103/mo for cash returns. Annual cash flow comes to $1,238/yr on $147,352 deployed, and return on cash invested reaches 20.75% in year one. Equity gained on principal adds $2,868/yr, and five-year appreciation sums $122,807 alongside rental yield of 7.27%. Five-year ROI measures 106.89% and total cumulative return in cash totals $157,507.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,694/mo property income versus a $2,176/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1997
5,009 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80905, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,182 (100%) |
| Owner Occupied HU | 4,060 (44.2%) |
| Renter Occupied HU | 4,483 (48.8%) |
| Vacant Housing Units | 639 ( 7.0%) |
| Median Home Value | $466,107 |
| Average Home Value | $497,446 |
Housing Distribution
Address Breakdown
Residential
8,501
Single Family
6,308
Multi-Family
2,193
Businesses
647
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