320 Castle Ridge DrNew 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 320 Castle Ridge Dr, New Castle, CO, 81647 priced at $545,000 pairs $3,942/mo rent with $712/mo cash flow after a $2,668/mo payment. Total monthly income equals $3,942/mo, and annual cash flow comes to $8,544/yr on $179,305 invested. Return on cash invested is 24.83% in year one, and rental yield stands at 8.68% on a $545,000 basis. Equity gained on principal adds $3,517/yr, and 5% annual appreciation accumulates to $150,573 by year five. Five-year ROI measures 128.82% and total cumulative return in cash reaches $230,988. For financing, Ziffy Mortgage’s DSCR program evaluates $3,942/mo property income against a $2,668/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 2006
4,356 sqft lot
$N/A/sqft
$160 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: Michelle James • Vicki Lee Green Realtors LLC
Mls Name: AGSMLS
Mls ID: #189647
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.