1127-1129 S 18th St, New Castle, IN, 47362 | $600/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1127-1129 S 18th St, New Castle, IN, 47362 | $600/mo Cash Flow | Ziffy

For Sale

Currently Rented

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in New Castle at 1127-1129 S 18th St, New Castle, IN, 47362 offers a 11.7% rental yield on a $159,999 purchase with $1,560/mo rent. Total monthly income registers $1,560/mo, and a $783/mo payment leaves $600/mo available for distribution. Annual cash flow reaches $7,196/yr on $53,040 to close, and return on cash invested stands at 33.48% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,205 over five years. Portfolio math shows five-year ROI at 175.39% and total cumulative return in cash at $93,025. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,560/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Multi Family

Built in 1900

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming duplex rental property situated on a spacious corner lot, offering an excellent investment opportunity for savvy buyers or those seeking supplemental income. This well-maintained home features two separate units, each with its own private entrance, making it ideal for long-term tenants or a live-in owner looking to offset their mortgage. The main level unit boasts three generously sized bedrooms, a full bathroom, a bright and airy living room, and a large eat-in kitchen perfect for family gatherings or entertaining. The upper-level unit offers a cozy yet functional layout with one bedroom, a full bathroom, a dedicated living room, and a separate kitchen, making it an ideal space for a single tenant or couple. The exterior showcases a classic covered front porch, a well-kept lawn, and mature greenery that adds privacy and curb appeal. A concrete walkway leads to the front door, and there is ample street parking available. Located in a quiet, residential neighborhood, this property provides convenient access to local schools, shops, and public transportation. Whether you're an investor seeking reliable rental income or a homeowner looking for a property with built-in income potential, this duplex is a smart and versatile choice. Don't miss the chance to make this income-generating gem yours!