6374 Binder DrColorado SpringsCO80923
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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 6374 Binder Dr, Colorado Springs, CO, 80923 offers a 7.68% rental yield on a $360,000 purchase with $2,304/mo rent. Total monthly income registers $2,304/mo, and a $1,762/mo payment leaves $188/mo available for distribution. Annual cash flow reaches $2,252/yr on $119,340 to close, and return on cash invested stands at 21.8% in year one. Equity gained on principal adds $2,323/yr while 5% annual appreciation supports $99,461 over five years. Portfolio math shows five-year ROI at 112.56% and total cumulative return in cash at $134,325. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,304/mo property income against a $1,762/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
6,216 sqft lot
$N/A/sqft
$55 quarterly HOA
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Listed by: Brian Maecker CRP CRS GRI MRP • RE/MAX Advantage Realty, Inc.
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #9350531
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