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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in New Castle at 1011 S 18th St, New Castle, IN, 47362 generates $1,050/mo in rent and, after a $685/mo payment, leaves $210/mo in cash flow. Total monthly income is $1,050/mo, and annual cash flow is $2,519/yr on $46,377 invested. Return on cash invested sits at 25.34% in year one, and rental yield is 9.01% on a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 131.74% and total cumulative return in cash sums $61,095. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,050/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
5,227 sqft lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-05-12 | Listed for sale | $139,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-13 | $145.64 | N/A | $76,000 | 11.27% |
| 2023-05-13 | N/A | N/A | $68,300 | 49.78% |
| 2022-05-13 | N/A | N/A | $45,600 | 14.57% |
Listed by: Susan Neal • RE/MAX First Integrity
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517125
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.
