947 E Costilla 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 947 E Costilla St, Colorado Springs, CO, 80903 offers a 8.28% rental yield on a $200,000 purchase with $1,380/mo rent. Total monthly income registers $1,380/mo, and a $979/mo payment leaves $214/mo available for distribution. Annual cash flow reaches $2,572/yr on $66,300 to close, and return on cash invested stands at 23.79% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 123.22% and total cumulative return in cash at $81,692. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,380/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
5,201 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: Aubrey Cook MRP • Keller Williams Partners
Mls Name: Pikes Peak MLS
Mls ID: #3551317