111 Elm AvenueCastle RockCO80104
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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 Castle Rock at 111 Elm Avenue, Castle Rock, CO, 80104 offers $3,474/mo rent that, after a $2,692/mo payment, leaves $269/mo cash flow. Total monthly income is $3,474/mo, and annual cash flow is $3,224/yr on $180,950 cash. Return on cash invested measures 21.84% in year one, and rental yield stands at 7.58% at a $550,000 entry. Equity gained on principal adds $3,549/yr while 5% annual appreciation compounds into $151,955 by year five. Five-year ROI records 112.7% and total cumulative return in cash reaches $203,926. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,474/mo property income versus a $2,692/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
10,716 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80104, Castle Rock, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,834 (100%) |
| Owner Occupied HU | 12,170 (76.9%) |
| Renter Occupied HU | 3,172 (20.0%) |
| Vacant Housing Units | 492 ( 3.1%) |
| Median Home Value | $668,004 |
| Average Home Value | $726,296 |
Housing Distribution
Address Breakdown
Residential
15,123
Single Family
13,753
Multi-Family
1,370
Businesses
1,393
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Listed by: Gwen Hamm • Keller Williams Real Estate LLC
Mls Name: REcolorado
Mls ID: #4774001