200 S East AveNew 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
Rental property for sale in New Castle at 200 S East Ave, New Castle, CO, 81647 priced at $265,000 converts $2,112/mo rent into $368/mo cash flow after a $1,297/mo obligation. Total monthly income equals $2,112/mo, and annual cash flow totals $4,412/yr on $87,848 invested. Return on cash invested prints 24.93% in year one, and rental yield reads 9.56% against a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,215 by year five. Five-year ROI reaches 130.31% and total cumulative return in cash sums $114,471. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,112/mo property income covering a $1,297/mo payment, not borrower’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: N/A • RONIN REAL ESTATE PROFESSIONALS ERA POWERED
Mls Name: GJARA
Mls ID: #20253069
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.