510 W Main 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 510 W Main St, Florence, CO, 81226 priced at $220,000 pairs $2,050/mo rent with $768/mo cash flow after a $1,077/mo payment. Total monthly income equals $2,050/mo, and annual cash flow comes to $9,212/yr on $72,930 invested. Return on cash invested is 32.54% in year one, and rental yield stands at 11.18% on a $220,000 basis. Equity gained on principal adds $1,420/yr, and 5% annual appreciation accumulates to $60,782 by year five. Five-year ROI measures 170.12% and total cumulative return in cash reaches $124,067. For financing, Ziffy Mortgage’s DSCR program evaluates $2,050/mo property income against a $1,077/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1948
7,361 sqft 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: Janice Gayle Harp • Reeves Real Estate LLC
Mls Name: Royal Gorge AOR
Mls Provider:
Mls ID: #71173
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