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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 1314 S Ave, New Castle, IN, 47362 generates $1,560/mo in rent and, after a $832/mo payment, leaves $540/mo in cash flow. Total monthly income is $1,560/mo, and annual cash flow is $6,476/yr on $56,322 invested. Return on cash invested sits at 31.41% in year one, and rental yield is 11.02% on a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 164.29% and total cumulative return in cash sums $92,534. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,560/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.35 Acres 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: Krista Gibson • RE/MAX Integrity Real Estate
Mls Name: RLMS
Mls ID: #10051869
