355 Rio Grande 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
Investment property for sale in New Castle at 355 Rio Grande Ave, New Castle, CO, 81647 offers a 7.11% rental yield on a $612,000 purchase with $3,625/mo rent. Total monthly income registers $3,625/mo, and a $2,995/mo payment leaves $59/mo available for distribution. Annual cash flow reaches $706/yr on $201,348 to close, and return on cash invested stands at 20.41% in year one. Equity gained on principal adds $3,949/yr while 5% annual appreciation supports $169,084 over five years. Portfolio math shows five-year ROI at 105.02% and total cumulative return in cash at $211,451. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,625/mo property income against a $2,995/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2000
3,484 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: Lynn M Kirchner • Amore Realty
Mls Name: AGSMLS
Mls ID: #188892
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.