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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 107 Red River Rd, New Castle, IN, 47362 offers a 10.9% rental yield on a $200,000 purchase with $1,816/mo rent. Total monthly income registers $1,816/mo, and a $979/mo payment leaves $615/mo available for distribution. Annual cash flow reaches $7,384/yr on $66,300 to close, and return on cash invested stands at 31.05% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 162.36% and total cumulative return in cash at $107,648. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,816/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
0.27 Acres lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-01-07 | Sold | $200,000 |
| 2024-12-18 | Pending sale | $209,000 |
| 2024-12-06 | Price change | $209,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $1523.00 | 12.81% | $164,000 | 7.68% |
| 2023-10-22 | $1350.00 | 14.31% | $152,300 | 14.34% |
| 2022-10-22 | $1181.00 | 2.70% | $133,200 | 14.33% |
Listed by: Jessica Gregory • Cupp Realty and Auction
Mls Name: East Central Indiana AOR
Mls Provider:
Mls ID: #14168
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