815 Midland AveManitou 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 815 Midland Ave, Manitou Springs, CO, 80829 priced at $799,000 converts $2,460/mo rent into after a $3,911/mo obligation. Total monthly income equals $2,460/mo. Return on cash invested prints 10.03% in year one, and rental yield reads 3.69% against a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation compiles into $220,749 by year five. Five-year ROI reaches 49.37% and total cumulative return in cash sums $129,786. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,460/mo property income covering a $3,911/mo payment, not borrower’s personal income.
Single Family
Built in 1946
0.38 Acres 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: Jennifer Watton ABR EPRO GRI MRP PSA • Welcome Home CO, Inc.
Mls Name: Pikes Peak MLS
Mls ID: #7091517