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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 1207 Bower Ct, New Castle, IN, 47362 listed at $111,800 pairs $1,564/mo rent with a $547/mo payment to leave $890/mo cash flow. Total monthly income runs $1,564/mo, and annual cash flow reaches $10,676/yr on $37,062 cash to close. Return on cash invested measures 48.71% in year one, and rental yield registers 16.79% at a $111,800 basis. Equity gained on principal adds $721/yr, and annual property appreciation at 5% supports $30,888 by year five. Five-year ROI tracks 257.15% and total cumulative return in cash totals $95,305. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,564/mo property income relative to a $547/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2024-11-29 | Sold | $111,800 |
| 2024-10-24 | Pending sale | $117,900 |
| 2024-09-27 | Price change | $117,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $969.00 | 28.73% | $100,600 | 3.82% |
| 2023-10-22 | $752.76 | 25.26% | $96,900 | 25.03% |
| 2022-10-22 | $600.96 | 6.52% | $77,500 | 19.78% |
Listed by: Jennie Harvey • RE/MAX First Integrity
Mls Name: IRMLS
Mls Provider:
Mls ID: #202435189
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