My Christmas ListHappy Holidays!Trying to come up with that perfect gift for that special someone? How about the gift of financial security; the gift of a college education or maybe the gift of retirement? With our current local market being down, now is the time to consider purchasing investment properties. In the Colorado Springs market home prices are low, mortgage rates are incredible again hovering around 5%, inventory remains good and the rental market is hot. Consider this, buy an investment property for around $175,000, your mortgage payment will be under $1000, and in the current rental market you should be able to get more than $1000 per month for rent. You cash flow $100+ each month and if you reinvest that $100 towards paying down the principal on your mortgage that home will be paid off free & clear in 15 years!!! That means in 15 years you will own a true asset worth AT LEAST $175,000 but more likely it will have increased in value and be worth somewhere around $250,000 all paid for by a renter! Guess what's on my gift list this year!December 10 2008 - US11YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.