704 W 3rd 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 704 W 3rd St, Florence, CO, 81226 priced at $171,000 pairs $1,673/mo rent with $676/mo cash flow after a $837/mo payment. Total monthly income equals $1,673/mo, and annual cash flow comes to $8,117/yr on $56,687 invested. Return on cash invested is 34.23% in year one, and rental yield stands at 11.74% on a $171,000 basis. Equity gained on principal adds $1,103/yr, and 5% annual appreciation accumulates to $47,244 by year five. Five-year ROI measures 179.22% and total cumulative return in cash reaches $101,591. For financing, Ziffy Mortgage’s DSCR program evaluates $1,673/mo property income against a $837/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1928
9,600 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: Suzanne J. Adamson • All Seasons Llc
Mls Name: Royal Gorge AOR
Mls Provider:
Mls ID: #8634981
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