312 N Midland 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 312 N Midland Ave, New Castle, CO, 81647 priced at $599,000 converts $3,335/mo rent into after a $2,932/mo obligation. Total monthly income equals $3,335/mo. Return on cash invested prints 19.11% in year one, and rental yield reads 6.68% against a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation compiles into $165,493 by year five. Five-year ROI reaches 98.05% and total cumulative return in cash sums $193,222. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,335/mo property income covering a $2,932/mo payment, not borrower’s personal income.
Single Family
Built in 1883
5,662 sqft lot
$N/A/sqft
No 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: Haddie Lopez • Valley Real Estate
Mls Name: AGSMLS
Mls ID: #189399