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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% |
Investment property for sale in New Castle at 1022 S 17th St, New Castle, IN, 47362 uses $56,024 cash to close to unlock $6,548/yr annual cash flow and $546/mo monthly cash flow. Total monthly income runs $1,560/mo, and a $827/mo payment keeps the spread at $546/mo. Purchase price stands at $169,000, and rental yield measures 11.08% with $1,560/mo rent. Return on cash invested shows 31.6% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 165.31% and total cumulative return in cash records $92,611. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,560/mo property income covering a $827/mo payment rather than investor’s personal income.
Single Family
Built in 1900
5,227 sqft lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-05-22 | Listed for sale | $169,000 |
| 2023-11-30 | Sold | $145,000 |
| 2023-10-20 | Pending sale | $145,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-23 | $995.00 | 117.25% | $111,100 | 295.37% |
| 2023-05-23 | $458.00 | 12.25% | $28,100 | 22.71% |
| 2022-05-23 | $408.00 | 4.08% | $22,900 | 12.25% |
Listed by: Tim Hall • F.C. Tucker/Prosperity
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22039346
Disclaimer: Based on information submitted to the MLS GRID as of 2025-05-23 07:58:02 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
