6714 Palace DrColorado SpringsCO80918
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
Investment property for sale in Colorado Springs at 6714 Palace Dr, Colorado Springs, CO, 80918 listed at $795,000 pairs $3,750/mo rent with a $3,891/mo payment. Total monthly income runs $3,750/mo. Return on cash invested measures 16.01% in year one, and rental yield registers 5.66% at a $795,000 basis. Equity gained on principal adds $5,130/yr, and annual property appreciation at 5% supports $219,644 by year five. Five-year ROI tracks 81.41% and total cumulative return in cash totals $212,926. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,750/mo property income relative to a $3,891/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1972
10,000 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80918, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,773 (100%) |
| Owner Occupied HU | 11,383 (57.6%) |
| Renter Occupied HU | 7,597 (38.4%) |
| Vacant Housing Units | 793 ( 4.0%) |
| Median Home Value | $481,275 |
| Average Home Value | $562,245 |
Housing Distribution
Address Breakdown
Residential
19,829
Single Family
15,917
Multi-Family
3,912
Businesses
1,649
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lorie Skabo • HomeSmart
Mls Name: Pikes Peak MLS
Mls ID: #9387662