This 1,700 square foot, four-bedroom investment opportunity lets you decide how you want to make your money.
With a little bit of sweat equity, you could have a high-demand rental on your hands. If you prefer to turn your money quickly, this home has great potential for a flip. You decide!
- Near Academy and Austin Bluffs
- 4 Bedrooms
- 2 Bathrooms
- 1700 Square Feet
- Single Family
- Data current as of Nov 16, 2018
- Contact me for address & current status of this property
Financial Analysis for Potential Investor Purchase
Listed at $215,000, homes in this neighborhood in eastern Colorado Springs regularly sell between $240k and $260k. Depending on your handyman skills, you could dramatically improve your profit margins.
My numbers assume a $20,000 rehab budget, then renting out the property. Homes this size consistently rent out for $1,600 in this area. Assuming 20% down and $335/month in expenses, a landlord could earn a 7% cap rate with a monthly cash flow of $341.
See the charts for my additional analysis, and give me a call if you would like to see this property.
This home could have great potential as a cash-flow rental. I’d be happy to talk more with you about this home or your investment goals – please email me at JD@TheCircaGroup.com.
You can also set up a search to find investment property in Colorado Springs as soon as it comes on the market.
Disclaimer: Circa Group, LLC, dba Circa Real Estate Group, recommends that you seek the advice of your accountant and financial advisor before making investments. The estimates presented are based on a variety of assumptions, including information from third parties, and may not reflect the actual return of your investment. This information is provided for illustrative purposes only and is not to be constituted as investment, legal, or tax advice.
Circa Group, LLC, dba Circa Real Estate Group, and its representatives do not render legal, tax, or investment recommendations. Persons should consult with their own professional advisors as to risks and legal, tax, and financial implications and consequences in matters concerning investments. All investments, including real estate, are speculative in nature and involve risk of loss. We encourage our investors to invest carefully.
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