838 Mountain View DrNew CastleCO81647
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in New Castle at 838 Mountain View Dr, New Castle, CO, 81647 priced at $767,700 converts $5,014/mo rent into $539/mo cash flow after a $3,758/mo obligation. Total monthly income equals $5,014/mo, and annual cash flow totals $6,474/yr on $252,573 invested. Return on cash invested prints 22.62% in year one, and rental yield reads 7.84% against a $767,700 entry. Equity gained on principal adds $4,954/yr, while 5% annual appreciation compiles into $212,101 by year five. Five-year ROI reaches 116.89% and total cumulative return in cash sums $295,231. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,014/mo property income covering a $3,758/mo payment, not borrower’s personal income.
Single Family
Built in 1993
0.30 Acres 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: Mikaela Cain • Vicki Lee Green Realtors LLC
Mls Name: AGSMLS
Mls ID: #190490