915 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
Investment property for sale in Manitou Springs at 915 Midland Ave, Manitou Springs, CO, 80829 offers a 5.78% rental yield on a $318,000 purchase with $1,531/mo rent. 25% in year one. Equity gained on principal adds $2,052/yr while 5% annual appreciation supports $87,858 over five years. Portfolio math shows five-year ROI at 82.76% and total cumulative return in cash at $87,239. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,531/mo property income against a $1,556/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
8,712 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: Melissa Lewis MRP PSA • Real Broker, LLC DBA Real
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #9613440
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