742 W Main StNew 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 742 W Main St, New Castle, CO, 81647 with 5% annual appreciation on a $629,000 basis while $1,658/mo rent supports operations. 42% in year one. Equity gained on principal adds $4,059/yr, and five-year appreciation sums $173,781 alongside rental yield of 3.16%. Five-year ROI measures 40.69% and total cumulative return in cash totals $84,213. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,658/mo property income versus a $3,079/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1893
2,613 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: Meggin Annie Rouse • The Property Shop
Mls Name: AGSMLS
Mls ID: #187530
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.