906 Manitou Ave APT 201Manitou 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
Total monthly income runs $2,340/mo, and a $4,058/mo payment. Purchase price stands at $829,000, and rental yield measures 3.39% with $2,340/mo rent. Return on cash invested shows 9.1% in year one, and 5% annual appreciation builds toward $229,037 over five years. Five-year ROI reaches 44.36% and total cumulative return in cash records $120,988. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,340/mo property income covering a $4,058/mo payment rather than investor’s personal income.
Condo
Built in 2005
740.52 sqft 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: Kelly Morley • Manitou Springs Real Estate LLC
Mls Name: Pikes Peak MLS
Mls ID: #6761731