612 River View Dr UNIT 808New 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 612 River View Dr UNIT 808, New Castle, CO, 81647 offers a 8.64% rental yield on a $396,600 purchase with $2,855/mo rent. Total monthly income registers $2,855/mo, and a $1,941/mo payment leaves $188/mo available for distribution. Annual cash flow reaches $2,260/yr on $131,473 to close, and return on cash invested stands at 21.63% in year one. Equity gained on principal adds $2,559/yr while 5% annual appreciation supports $109,573 over five years. Portfolio math shows five-year ROI at 112.77% and total cumulative return in cash at $148,264. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,855/mo property income against a $1,941/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2007
N/A lot
$N/A/sqft
$332 monthly 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: N/A • N/A
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