8029 Ravenel DrColorado SpringsCO80920
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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
Investment property for sale in Colorado Springs at 8029 Ravenel Dr, Colorado Springs, CO, 80920 offers a 7.53% rental yield on a $512,500 purchase with $3,218/mo rent. Total monthly income registers $3,218/mo, and a $2,508/mo payment leaves $232/mo available for distribution. Annual cash flow reaches $2,780/yr on $168,613 to close, and return on cash invested stands at 21.71% in year one. Equity gained on principal adds $3,307/yr while 5% annual appreciation supports $141,594 over five years. Portfolio math shows five-year ROI at 111.99% and total cumulative return in cash at $188,828. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,218/mo property income against a $2,508/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
7,043 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80920, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,640 (100%) |
| Owner Occupied HU | 9,892 (63.2%) |
| Renter Occupied HU | 5,196 (33.2%) |
| Vacant Housing Units | 552 ( 3.5%) |
| Median Home Value | $533,256 |
| Average Home Value | $576,502 |
Housing Distribution
Address Breakdown
Residential
15,525
Single Family
13,075
Multi-Family
2,450
Businesses
1,302
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Listed by: Dana Goodman • ERA Shields Real Estate
Mls Name: Pikes Peak MLS
Mls ID: #8083927