616 Tierra Verde CtColorado SpringsCO80904
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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 616 Tierra Verde Ct, Colorado Springs, CO, 80904 priced at $696,500 pairs $3,092/mo rent with after a $3,409/mo payment. Total monthly income equals $3,092/mo. Return on cash invested is 15% in year one, and rental yield stands at 5.33% on a $696,500 basis. Equity gained on principal adds $4,494/yr, and 5% annual appreciation accumulates to $192,430 by year five. Five-year ROI measures 75.97% and total cumulative return in cash reaches $174,093. For financing, Ziffy Mortgage’s DSCR program evaluates $3,092/mo property income against a $3,409/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2003
8,616 sqft lot
$N/A/sqft
No 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: Michael Baird • Solid Rock Realty
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #7633638
Disclaimer: The real estate listing information and related content displayed on this site is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR Services Corp.