1324 S 21st St, New Castle, IN, 47362 | $269/mo Cash Flow

For Sale

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 1324 S 21st St, New Castle, IN, 47362 offers a 9.43% rental yield on a $144,900 purchase with $1,139/mo rent. Total monthly income registers $1,139/mo, and a $709/mo payment leaves $269/mo available for distribution. Annual cash flow reaches $3,233/yr on $48,034 to close, and return on cash invested stands at 26.64% in year one. Equity gained on principal adds $935/yr while 5% annual appreciation supports $40,033 over five years. Portfolio math shows five-year ROI at 138.75% and total cumulative return in cash at $66,649. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,139/mo property income against a $709/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1945

4,791 sqft lot

$N/A/sqft

No HOA