624 E Monument StColorado 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 624 E Monument St, Colorado Springs, CO, 80903 at $275,000 posts ROI 32.53% with $959/mo cash flow from $2,584/mo rent. Total monthly income equals $2,584/mo, and annual cash flow records $11,509/yr on $91,163 to close. Return on cash invested measures 32.53% and rental yield reads 11.28% at the current $275,000. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 by year five. Five-year ROI prints 170.21% and total cumulative return in cash totals $155,171.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,584/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1898
7,501 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: Jeffrey Piggot • The Cutting Edge
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #1323348
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