








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 1223 S 21st St, New Castle, IN, 47362 earns $321/mo cash flow from $1,312/mo rent with a $808/mo payment. Total monthly income totals $1,312/mo, and annual cash flow totals $3,853/yr on $54,698 capital. ROI tracks 26.95% on current figures, and rental yield reads 9.54% at a $165,000 purchase. Equity gained on principal adds $1,065/yr, and 5% annual appreciation supports $45,586 over five years. Five-year ROI reaches 140.47% and total cumulative return in cash sums $76,835. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,312/mo property income instead of your personal income.
Single Family
Built in 1975
5,280 sqft lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Jenna Shelton • Better Homes and Gardens First Realty Group
Mls Name: RLMS
Mls ID: #10051682