6833 Overland DrColorado SpringsCO80919
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderCapital preservation and steady income define 6833 Overland Dr, Colorado Springs, CO, 80919 in Colorado Springs. Rental yield 7.39%. The 1.37 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $56,638 and $1,888/yr in principal reduction project total return of $54,861.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 6.2% |
| Monthly Cash Flow | $(381) | $285 |
City averages based on Colorado Springs market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,263 |
| Total Monthly Debt Service | $1,562 |
| DSCR Ratio | 0.81x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Condo
Built in 1982
435.60 sqft lot
$N/A/sqft
$449 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80919, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,171 (100%) |
| Owner Occupied HU | 8,472 (69.6%) |
| Renter Occupied HU | 3,233 (26.6%) |
| Vacant Housing Units | 466 ( 3.8%) |
| Median Home Value | $623,275 |
| Average Home Value | $653,723 |
Housing Distribution
Address Breakdown
Residential
12,051
Single Family
10,690
Multi-Family
1,361
Businesses
585
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
Condo
Built in 1982
435.60 sqft lot
$N/A/sqft
$449 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80919, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,171 (100%) |
| Owner Occupied HU | 8,472 (69.6%) |
| Renter Occupied HU | 3,233 (26.6%) |
| Vacant Housing Units | 466 ( 3.8%) |
| Median Home Value | $623,275 |
| Average Home Value | $653,723 |
Housing Distribution
Address Breakdown
Residential
12,051
Single Family
10,690
Multi-Family
1,361
Businesses
585
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Frances Sikich • HomeSmart
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #3127038
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