10 Ridgeway DrFlorenceCO81226
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Florence at 10 Ridgeway Dr, Florence, CO, 81226 priced at $305,000 converts $2,424/mo rent into $646/mo cash flow after a $1,493/mo obligation. Total monthly income equals $2,424/mo, and annual cash flow totals $7,756/yr on $101,108 invested. Return on cash invested prints 27.58% in year one, and rental yield reads 9.54% against a $305,000 entry. Equity gained on principal adds $1,968/yr, while 5% annual appreciation compiles into $84,266 by year five. Five-year ROI reaches 143.55% and total cumulative return in cash sums $145,138. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,424/mo property income covering a $1,493/mo payment, not borrower’s personal income.
Manufactured
Built in 1998
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81226, Florence, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,880 (100%) |
| Owner Occupied HU | 1,984 (68.9%) |
| Renter Occupied HU | 669 (23.2%) |
| Vacant Housing Units | 227 ( 7.9%) |
| Median Home Value | $253,135 |
| Average Home Value | $306,033 |
Housing Distribution
Address Breakdown
Residential
2,570
Single Family
2,562
Multi-Family
8
Businesses
247
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Listed by: Billi Jo Byrne • The Cutting Edge Realtors
Mls Name: Royal Gorge AOR
Mls Provider:
Mls ID: #5994265
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