1216 S 19th St, New Castle, IN, 47362 | $930/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1216 S 19th St, New Castle, IN, 47362 | $930/mo Cash Flow | Ziffy

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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 1216 S 19th St, New Castle, IN, 47362 earns $930/mo cash flow from $1,590/mo rent with a $538/mo payment. Total monthly income totals $1,590/mo, and annual cash flow totals $11,161/yr on $36,465 capital. ROI tracks 50.52% on current figures, and rental yield reads 17.35% at a $110,000 purchase. Equity gained on principal adds $710/yr, and 5% annual appreciation supports $30,391 over five years. Five-year ROI reaches 266.88% and total cumulative return in cash sums $97,320. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,590/mo property income instead of your personal income.

Single Family

Built in 1900

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover this cozy, well-maintained home featuring beautiful hardwood floors that add warmth and character throughout. Perfectly sized for comfortable living, the main home offers a welcoming atmosphere and functional layout. But that's not all - in the backyard, you'll find a separate rental apartment, ideal for generating extra income, hosting guests, or creating a private home office space. Whether you're a first-time buyer looking for affordability, an investor seeking a great return, or simply someone who values charm and versatility, this property delivers it all. New roof on house and studio in 2015. Windows updated 2020. Gutters in 2019. The separate apartment is included in listing information and contributes one bath, one bedroom and 432 finished SqFt to the overall count.