728 E Platte AvenueColorado SpringsCO80903
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 Colorado Springs at 728 E Platte Avenue, Colorado Springs, CO, 80903 offers $4,297/mo rent that, after a $3,719/mo payment. Total monthly income is $4,297/mo. Return on cash invested measures 19.43% in year one, and rental yield stands at 6.79% at a $759,900 entry. Equity gained on principal adds $4,904/yr while 5% annual appreciation compounds into $209,946 by year five. Five-year ROI records 99.76% and total cumulative return in cash reaches $249,402. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,297/mo property income versus a $3,719/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
4,752 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
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Listed by: Anna White • Walston Group Real Estate
Mls Name: REcolorado
Mls ID: #8276463