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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 1150 Audubon Rd, New Castle, IN, 47362 offers $1,674/mo rent that, after a $1,321/mo payment, leaves $37/mo cash flow. Total monthly income is $1,674/mo, and annual cash flow is $447/yr on $89,472 cash. Return on cash invested measures 20.41% in year one, and rental yield stands at 7.44% at a $269,900 entry. Equity gained on principal adds $1,742/yr while 5% annual appreciation compounds into $74,568 by year five. Five-year ROI records 105.4% and total cumulative return in cash reaches $94,302. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,674/mo property income versus a $1,321/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
7,840 sqft lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-03-18 | Listed for sale | $269,900 |
| 2021-11-29 | Sold | $235,000 |
| 2021-10-28 | Pending sale | $234,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-20 | $2441.00 | 0.16% | $295,800 | 21.18% |
| 2023-03-20 | $2437.00 | 93.72% | $244,100 | -0.04% |
| 2022-03-20 | $1258.00 | 3.45% | $244,200 | 93.50% |
What's Special
Storage
Listed by: Susan Neal • RE/MAX First Integrity
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508689
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