602 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
Total monthly income runs $1,867/mo, and a $1,713/mo payment. Purchase price stands at $350,000, and rental yield measures 6.4% with $1,867/mo rent. Return on cash invested shows 18.12% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 92.81% and total cumulative return in cash records $107,678. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,867/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1903
7,000 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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