340 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
Investment property for sale in New Castle at 340 Castle Ridge Dr, New Castle, CO, 81647 offers a 8.03% rental yield on a $550,000 purchase with $3,680/mo rent. Total monthly income registers $3,680/mo, and a $2,692/mo payment leaves $475/mo available for distribution. Annual cash flow reaches $5,696/yr on $180,950 to close, and return on cash invested stands at 23.21% in year one. Equity gained on principal adds $3,549/yr while 5% annual appreciation supports $151,955 over five years. Portfolio math shows five-year ROI at 120.03% and total cumulative return in cash at $217,186. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,680/mo property income against a $2,692/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 2007
3,920 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: Amy Luetke • The Property Shop
Mls Name: AGSMLS
Mls ID: #190226