1016 W 2nd StFlorenceCO81226
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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 1016 W 2nd St, Florence, CO, 81226 generates $1,548/mo in rent and, after a $857/mo payment, leaves $528/mo in cash flow. Total monthly income is $1,548/mo, and annual cash flow is $6,332/yr on $58,013 invested. Return on cash invested sits at 30.82% in year one, and rental yield is 10.61% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 160.9% and total cumulative return in cash sums $93,343. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,548/mo property income rather than buyer’s personal income.
Single Family
Built in 1913
0.29 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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