200 S E Ave APT 111New CastleCO81647
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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 New Castle at 200 S E Ave APT 111, New Castle, CO, 81647 uses $86,190 cash to close to unlock $15,412/yr annual cash flow and $1,284/mo monthly cash flow. Total monthly income runs $3,000/mo, and a $1,273/mo payment keeps the spread at $1,284/mo. Purchase price stands at $260,000, and rental yield measures 13.85% with $3,000/mo rent. Return on cash invested shows 37.79% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 199.31% and total cumulative return in cash records $171,785. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,000/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
$200 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81647, New Castle, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,938 (100%) |
| Owner Occupied HU | 2,067 (70.4%) |
| Renter Occupied HU | 744 (25.3%) |
| Vacant Housing Units | 127 ( 4.3%) |
| Median Home Value | $520,562 |
| Average Home Value | $531,715 |
Housing Distribution
Address Breakdown
Residential
2,696
Single Family
2,696
Multi-Family
0
Businesses
234
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Listed by: Milton Arroyo • RONIN Real Estate Professionals ERA Powered
Mls Name: AGSMLS
Mls ID: #188790
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.