6699 Eagle Mountain RdManitou SpringsCO80829
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
Investment Highlights
Rental property for sale in Manitou Springs at 6699 Eagle Mountain Rd, Manitou Springs, CO, 80829 priced at $135,000 converts $2,980/mo rent into $1,968/mo cash flow after a $661/mo obligation. Total monthly income equals $2,980/mo, and annual cash flow totals $23,616/yr on $44,753 invested. Return on cash invested prints 72.68% in year one, and rental yield reads 26.49% against a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation compiles into $37,298 by year five. Five-year ROI reaches 387.52% and total cumulative return in cash sums $173,425. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,980/mo property income covering a $661/mo payment, not borrower’s personal income.
Lot
Built in N/A
0.70 Acres lot
$N/A/sqft
$225 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80829, Manitou Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,872 (100%) |
| Owner Occupied HU | 1,536 (53.5%) |
| Renter Occupied HU | 1,082 (37.7%) |
| Vacant Housing Units | 254 ( 8.8%) |
| Median Home Value | $643,814 |
| Average Home Value | $697,594 |
Housing Distribution
Address Breakdown
Residential
2,833
Single Family
2,532
Multi-Family
301
Businesses
277
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bobbi Price • The Platinum Group
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #2371823
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. Any offer of compensation is made only to Participants of the PPMLS. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR Services Corp.