965 Main StSpringfieldCO81073
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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 Springfield at 965 Main St, Springfield, CO, 81073 uses $65,969 cash to close to unlock $1,851/yr annual cash flow and $154/mo monthly cash flow. Total monthly income runs $1,314/mo, and a $974/mo payment keeps the spread at $154/mo. Purchase price stands at $199,000, and rental yield measures 7.92% with $1,314/mo rent. Return on cash invested shows 22.72% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 117.48% and total cumulative return in cash records $77,502. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,314/mo property income covering a $974/mo payment rather than investor’s personal income.
Multi Family
Built in 1917
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81073, Springfield, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 961 (100%) |
| Owner Occupied HU | 550 (57.2%) |
| Renter Occupied HU | 244 (25.4%) |
| Vacant Housing Units | 167 (17.4%) |
| Median Home Value | $202,083 |
| Average Home Value | $276,959 |
Housing Distribution
Address Breakdown
Residential
850
Single Family
818
Multi-Family
32
Businesses
136
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Listed by: Marcia Reiley • Coberley Realty
Mls Name: PAR
Mls Provider:
Mls ID: #228231
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.