434 N Midland 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 434 N Midland Ave, New Castle, CO, 81647 listed at $620,000 pairs $5,549/mo rent with a $3,035/mo payment to leave $1,935/mo cash flow. Total monthly income runs $5,549/mo, and annual cash flow reaches $23,224/yr on $203,980 cash to close. Return on cash invested measures 31.45% in year one, and rental yield registers 10.74% at a $620,000 basis. Equity gained on principal adds $4,001/yr, and annual property appreciation at 5% supports $171,295 by year five. Five-year ROI tracks 164.21% and total cumulative return in cash totals $334,947. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,549/mo property income relative to a $3,035/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1889
7,405 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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Nearby investment properties with comparable prices
Listed by: Shawn Manwaring • Aspen Snowmass Sotheby's International Realty - Glenwood Springs
Mls Name: AGSMLS
Mls ID: #191384