619 E 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
Investment property for sale in Florence at 619 E 2nd St, Florence, CO, 81226 uses $65,969 cash to close to unlock $9,711/yr annual cash flow and $809/mo monthly cash flow. Total monthly income runs $1,969/mo, and a $974/mo payment keeps the spread at $809/mo. Purchase price stands at $199,000, and rental yield measures 11.87% with $1,969/mo rent. Return on cash invested shows 34.63% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 181.35% and total cumulative return in cash records $119,634. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,969/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1895
6,011 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: Kimberly Martin • Proficient Property Management Serv
Mls Name: Royal Gorge AOR
Mls Provider:
Mls ID: #71474
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.