304 Faas Ranch RdNew 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 304 Faas Ranch Rd, New Castle, CO, 81647 generates $6,049/mo in rent, after a $6,803/mo payment. Total monthly income is $6,049/mo. Return on cash invested sits at 14.66% in year one, and rental yield is 5.22% on a $1,390,000 entry. Equity gained on principal adds $8,969/yr, while 5% annual appreciation builds toward $384,031 over five years. Five-year ROI reaches 74.22% and total cumulative return in cash sums $334,260. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,049/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
1.17 Acres lot
$N/A/sqft
$90 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: Michelle James • Vicki Lee Green Realtors LLC
Mls Name: AGSMLS
Mls ID: #184445
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.