687 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 687 Main St, Florence, CO, 81226 generates $1,776/mo in rent and, after a $617/mo payment, leaves $1,041/mo in cash flow. Total monthly income is $1,776/mo, and annual cash flow is $12,497/yr on $41,769 invested. Return on cash invested sits at 49.83% in year one, and rental yield is 16.91% on a $126,000 entry. Equity gained on principal adds $813/yr, while 5% annual appreciation builds toward $34,811 over five years. Five-year ROI reaches 262.86% and total cumulative return in cash sums $109,795. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,776/mo property income rather than buyer’s personal income.
Single Family
Built in 1890
7,426 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: Jennifer M. Vernetti • EXIT Elevation Realty
Mls Name: Royal Gorge AOR
Mls Provider:
Mls ID: #4566467
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