Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 112 S Messick Rd, New Castle, IN, 47362 priced at $155,000 converts $659/mo rent into after a $759/mo obligation. Total monthly income equals $659/mo. Return on cash invested prints 13.56% in year one, and rental yield reads 5.1% against a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation compiles into $42,824 by year five. Five-year ROI reaches 68.65% and total cumulative return in cash sums $35,272. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $659/mo property income covering a $759/mo payment, not borrower’s personal income.
Single Family
Built in 2000
2.75 Acres lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-03-17 | Listed for sale | $155,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-19 | $551.26 | -8.43% | $112,700 | 1.90% |
| 2023-03-19 | $602.00 | 57.45% | $110,600 | 7.80% |
| 2022-03-19 | $382.34 | 0.97% | $102,600 | 20.99% |
Listed by: Cara J Huffman • F.C. Tucker/Crossroads Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508623
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.
