844 E Monument StColorado SpringsCO80903
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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 844 E Monument St, Colorado Springs, CO, 80903 with 5% annual appreciation on a $225,000 basis while $1,622/mo rent supports operations. Total monthly income totals $1,622/mo and a $1,101/mo payment preserves $311/mo for cash returns. Annual cash flow comes to $3,732/yr on $74,588 deployed, and return on cash invested reaches 24.91% in year one. Equity gained on principal adds $1,452/yr, and five-year appreciation sums $62,163 alongside rental yield of 8.65%. Five-year ROI measures 129.19% and total cumulative return in cash totals $96,357.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,622/mo property income versus a $1,101/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1924
7,971 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: Lisa Robinson ABR RENE • REMAX PROPERTIES
Mls Name: Pikes Peak MLS
Mls ID: #4774977