7 Delaware RdManitou SpringsCO80829
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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
Rental property for sale in Manitou Springs at 7 Delaware Rd, Manitou Springs, CO, 80829 offers $2,460/mo rent that, after a $2,007/mo payment, leaves $70/mo cash flow. Total monthly income is $2,460/mo, and annual cash flow is $844/yr on $135,915 cash. Return on cash invested measures 20.53% in year one, and rental yield stands at 7.2% at a $410,000 entry. Equity gained on principal adds $2,646/yr while 5% annual appreciation compounds into $113,275 by year five. Five-year ROI records 105.71% and total cumulative return in cash reaches $143,675. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,460/mo property income versus a $2,007/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1916
3,484 sqft lot
$N/A/sqft
No 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
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Listed by: Hunter Nang MRP • Exp Realty LLC
Mls Name: Pikes Peak MLS
Mls ID: #3063665