433 River View Dr UNIT 1605New 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 433 River View Dr UNIT 1605, New Castle, CO, 81647 listed at $410,000 pairs $2,929/mo rent with a $2,007/mo payment to leave $539/mo cash flow. Total monthly income runs $2,929/mo, and annual cash flow reaches $6,472/yr on $135,915 cash to close. Return on cash invested measures 24.67% in year one, and rental yield registers 8.57% at a $410,000 basis. Equity gained on principal adds $2,646/yr, and annual property appreciation at 5% supports $113,275 by year five. Five-year ROI tracks 127.92% and total cumulative return in cash totals $173,867. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,929/mo property income relative to a $2,007/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2007
N/A 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: Vincent M Caprio • Keller Williams Colorado West Realty (GWS)
Mls Name: AGSMLS
Mls ID: #190963