6374 Binder DrColorado SpringsCO80923
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 6374 Binder Dr, Colorado Springs, CO, 80923 in Colorado Springs at $360,000 earns $2,304/mo in rent and nets $188/mo after the $1,619/mo payment, a 7.68% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $99,461 over five years. Ziffy Mortgage underwrites this on a 1.42 DSCR without U.S. credit history. With $3,316/yr in principal paydown, total projected return reaches $148,095.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.7% | 6.2% |
| Monthly Cash Flow | $188 | $285 |
City averages based on Colorado Springs market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,304 |
| Total Monthly Debt Service | $1,973 |
| DSCR Ratio | 1.17x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2003
6,216 sqft lot
$N/A/sqft
$55 quarterly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2003
6,216 sqft lot
$N/A/sqft
$55 quarterly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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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