315 River View Dr UNIT 1804New 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 315 River View Dr UNIT 1804, New Castle, CO, 81647 earns from $2,620/mo rent with a $2,124/mo payment. Total monthly income totals $2,620/mo. ROI tracks 16.72% on current figures, and rental yield reads 7.24% at a $434,000 purchase. Equity gained on principal adds $2,801/yr, and 5% annual appreciation supports $119,906 over five years. Five-year ROI reaches 86.71% and total cumulative return in cash sums $124,750. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,620/mo property income instead of your personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
$1,419 quarterly 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: Kent W Lohse • RE/MAX Country GWS
Mls Name: AGSMLS
Mls ID: #185954
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.