Michael Plan, Parkside at Victory Ridge CondosColorado SpringsCO80908
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 $2,008/mo, and a $1,762/mo payment. Purchase price stands at $359,990, and rental yield measures 6.69% with $2,008/mo rent. Return on cash invested shows 19% in year one, and 5% annual appreciation builds toward $99,459 over five years. Five-year ROI reaches 97.49% and total cumulative return in cash records $116,346. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,008/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Condo
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80908, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,294 (100%) |
| Owner Occupied HU | 8,900 (86.5%) |
| Renter Occupied HU | 902 ( 8.8%) |
| Vacant Housing Units | 492 ( 4.8%) |
| Median Home Value | $710,830 |
| Average Home Value | $783,617 |
Housing Distribution
Address Breakdown
Residential
9,797
Single Family
9,414
Multi-Family
383
Businesses
239
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Lokal Homes
Mls Name: Lokal Homes
Mls Provider:
Mls ID: #N/A