94 Castle Ridge 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
Investment property for sale in New Castle at 94 Castle Ridge Dr, New Castle, CO, 81647 at $599,500 posts ROI 21.1% with $171/mo cash flow from $3,665/mo rent. Total monthly income equals $3,665/mo, and annual cash flow records $2,058/yr on $197,236 to close. Return on cash invested measures 21.1% and rental yield reads 7.34% at the current $599,500. Equity gained on principal adds $3,868/yr, and 5% annual appreciation supports $165,631 by year five. Five-year ROI prints 108.74% and total cumulative return in cash totals $214,475.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,665/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 2007
4,356 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: Christopher L Burley • ENGEL & VOLKERS
Mls Name: AGSMLS
Mls ID: #188752