16720 Fannin Cir
About This Property
The flat terrain makes this one of the easier lots to work with in the area, and the Pikes Peak views add a visual anchor that buyers in this market specifically look for. A well and septic would be needed for permanent use. The rural residential zoning in this part of El Paso County is friendly to horses, barns, and outbuildings, giving you flexibility well beyond a standard residential build. Manufactured homes are allowed and possibly barndominiums.
Peyton is about 15 minutes away for everyday needs, Falcon is within easy reach for shopping, and Colorado Springs is roughly 30 to 40 minutes out for a full range of dining, entertainment, and amenities. Homestead Ranch Regional Park is nearby for trails, fishing, and outdoor recreation, and Antler Creek Golf Course is also within easy reach.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 17, 2026 | In contract | - | |
| In contract | |||
| Sep 11, 2026 | Listed | $129,900 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017