Based on the six bedrooms and five bathrooms, this property in Colorado Springs could be rented as a luxury residence or possibly subdivided into multiple units for higher rental yield. With the rent potential estimated at $3,375, the total potential revenue could be approximately $40.5K annually. Considering the property is listed at $1.098M, the payback period seems extensive under current conditions. The market in Northwest Colorado Springs is moderately hot, with an average listing price of $580K, indicating potential appreciation. Features like mountain views and multiple decks add to its allure, but the single-family configuration might limit multi-family rental versatility.

To enhance rental income, consider converting the property into a multi-unit dwelling, if possible. This could attract higher rent from multiple tenants. Alternatively, luxury upgrades could justify a premium rental rate for a single tenant. If selling is on the table, emphasizing the unique views, spacious interiors, and proximity to amenities could appeal to high-end buyers. Highlighting the potential for conversion could also attract investors.