Selected for the Terner Labs Housing Venture Lab

10380 Hodgen Road, Colorado Springs, CO 80908

Active
Listed 86 days ago
Owner-Occupant Eligible
$1,000,000

About $5,061 a month to live here, after the rent from the other home.

House + ADU3,582 sqft4 beds3 bathsListed Aug 18, 2026

A house with a second home on the lot. Live in one and rent out the other. How it works

Live here for about

$5,061a month

The second home on the lot rents for $1,039. We hold back $171 of that for repairs and an empty month, and the rest goes toward a $5,929 monthly payment.

Income to qualify: about $156,000 a year

With how much down?

At 20% down ($200,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Get rich slow: keep this loan ten years and the payments pay off about $131,000 of it. See the ten-year math

See which homes fit your numbers
How we work this out

The cost to live here is the loan payment, taxes, insurance and any dues, less the rent, with a little held back for repairs and an empty month. Income to qualify uses a 43% debt-to-income limit, counts 75% of the rent, and none of your other debts.

$30,000 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

Nestled on 9.5 peaceful acres in the heart of Black Forest, this property offers space, privacy, and flexibility just minutes from Colorado Springs. With over 3,700 square feet, 4 bedrooms, 3 bathrooms, a walk-out lower level, multiple outdoor living areas, and no HOA, there's room to spread out both inside and out. The versatile layout is a standout — ideal for buyers wanting extra living space, multigenerational living, or room for guests. The finished walk-out lower level includes a second kitchen and generous living areas, perfect for extended family, entertaining, hobbies, or a private guest retreat. Outside, three decks and a covered patio create multiple spots to relax and take in the Black Forest setting, while the acreage delivers the privacy and breathing room that's increasingly hard to find — without sacrificing easy access to Colorado Springs, Monument, and the Highway 83 corridor. The property has direct access from paved Hodgen Road and borders a watershed, helping preserve the open, rural character of this part of Black Forest. With Kiowa Creek Ranch & Sanctuary just across Hodgen, the property enjoys even more surrounding open space, and for a few months each year, the watershed brings its own soundtrack — a chorus of frogs that's become one of the property's quiet, unexpected charms. Between the acreage, flexible floor plan, private well, and no HOA, this is a rare chance to build the Colorado lifestyle you've been after. For buyers wanting even more, the adjoining 5.14-acre parcel — featuring a 7,400+ sq. ft. heated shop and an additional 1,100+ sq. ft. outbuilding — is available separately. Parcels may be purchased individually or together, subject to seller approval.

House + ADU

Property Type

413,820 sqft

Lot Size

2002

Year Built

Listing Date: 08/18/2026

Listed by: Stephanie "Brita" Rocco

Listing office: Realty One Group Premier

Contact: 719-694-6901

Source: REcolorado #3354621

Series Homes is committed to full compliance with the Fair Housing Act and the Equal Credit Opportunity Act.

CHOOSE YOUR UNIT

Tap the one you would live in. The rest pay rent, and that rent comes off your monthly cost.

If someone lives in the unit you want, or a lease comes with the home, ask how moving in works on this one.

CHECK OUR MATHEvery line of the monthly cost is in here. Change the price or the down payment and watch it move.

OFFER PRICE

Change your offer and watch the monthly cost move.

Purchase Price

-15%
$1,000,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$1,000,000
Your Down Payment$200,000
Financed$800,000
Estimated Monthly Payment$5,929

Before rent: principal and interest at 6.0% on a 30-year fixed loan, taxes, insurance and any HOA dues. Your rate and down payment change this.

MONTHLY BREAKDOWN

Estimate at 20% down ($200,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$5,929/month
Principal + Interest
$4,796
Property Taxes
$576
Home Insurance
$557
Rental Income (1 Unit)
$1,039/month

From the listing description.

Rental Expenses
-$171
Cost to live here
$5,061/month

Payment estimates shown by Series are illustrative only. Final loan terms, monthly payments, and eligibility will be determined by your mortgage loan originator.

BEFORE YOU OFFER

Now run it on your paycheck.

This page is priced at one down payment and one rate. Send the address and we run it at yours: what you would pay each month after rent, and which loan works on this home.

Free. No credit pull.

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MLS# 3354621 · Listing office: Realty One Group Premier

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