710 S Royer StColorado SpringsCO80903
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 710 S Royer St, Colorado Springs, CO, 80903 in Colorado Springs. Priced at $449,000, it generates $2,007/mo in gross rent and $1,484/mo in net monthly cash flow, a 10.96% yield that comfortably supports the 0.99 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $17,804. Five-year appreciation: $124,050. Equity from principal paydown: $4,135/yr. Total projected cumulative return: $130,304.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11% | 6.2% |
| Monthly Cash Flow | $1,484 | $285 |
City averages based on Colorado Springs market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,007 |
| Total Monthly Debt Service | $2,438 |
| DSCR Ratio | 0.82x |
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.
Multi Family
Built in 1953
7,126 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80903, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,675 (100%) |
| Owner Occupied HU | 2,645 (27.3%) |
| Renter Occupied HU | 5,187 (53.6%) |
| Vacant Housing Units | 1,843 (19.0%) |
| Median Home Value | $512,438 |
| Average Home Value | $566,039 |
Housing Distribution
Address Breakdown
Residential
7,527
Single Family
5,875
Multi-Family
1,652
Businesses
1,867
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
Multi Family
Built in 1953
7,126 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80903, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,675 (100%) |
| Owner Occupied HU | 2,645 (27.3%) |
| Renter Occupied HU | 5,187 (53.6%) |
| Vacant Housing Units | 1,843 (19.0%) |
| Median Home Value | $512,438 |
| Average Home Value | $566,039 |
Housing Distribution
Address Breakdown
Residential
7,527
Single Family
5,875
Multi-Family
1,652
Businesses
1,867
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Fernando Gonzalez • HomeSmart
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #7801463
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.