1404 S 23rd St, New Castle, IN, 47362 | $565/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1404 S 23rd St, New Castle, IN, 47362 | $565/mo Cash Flow | Ziffy

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 1404 S 23rd St, New Castle, IN, 47362 uses $58,013 cash to close to unlock $6,780/yr annual cash flow and $565/mo monthly cash flow. Total monthly income runs $1,616/mo, and a $857/mo payment keeps the spread at $565/mo. Purchase price stands at $175,000, and rental yield measures 11.08% with $1,616/mo rent. Return on cash invested shows 31.6% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 165.37% and total cumulative return in cash records $95,935. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,616/mo property income covering a $857/mo payment rather than investor’s personal income.

Single Family

Built in 1945

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

This fully renovated 3-bedroom, 2-bathroom two-story home is located in a quiet neighborhood and offers modern updates with charming natural woodwork throughout. The spacious kitchen features a large center island perfect for morning gatherings and coffee along with all brand-new appliances, while a bonus room on the main level provides flexibility for an office or playroom. The large lot and backyard offer plenty of space, with room to add a garage if desired. The basement is fully insulated offering additional storage or recreational space. With everything in the home brand new, it's move-in ready and full of possibilities.