802 Hutchinson DrColorado SpringsCO80910
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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 Colorado Springs at 802 Hutchinson Dr, Colorado Springs, CO, 80910 priced at $352,500 pairs $2,720/mo rent with $666/mo cash flow after a $1,725/mo payment. Total monthly income equals $2,720/mo, and annual cash flow comes to $7,992/yr on $116,854 invested. Return on cash invested is 26.75% in year one, and rental yield stands at 9.26% on a $352,500 basis. Equity gained on principal adds $2,275/yr, and 5% annual appreciation accumulates to $97,389 by year five. Five-year ROI measures 139.03% and total cumulative return in cash reaches $162,463. For financing, Ziffy Mortgage’s DSCR program evaluates $2,720/mo property income against a $1,725/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1969
10,402 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80910, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,937 (100%) |
| Owner Occupied HU | 5,679 (40.7%) |
| Renter Occupied HU | 7,488 (53.7%) |
| Vacant Housing Units | 770 ( 5.5%) |
| Median Home Value | $353,343 |
| Average Home Value | $395,016 |
Housing Distribution
Address Breakdown
Residential
13,427
Single Family
10,496
Multi-Family
2,931
Businesses
634
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Listed by: Patrick Muldoon • Muldoon Associates Inc
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #2177441
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.