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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% |
Investment property for sale in New Castle at 1514 S 17th St, New Castle, IN, 47362 listed at $119,900 pairs $934/mo rent with a $587/mo payment to leave $214/mo cash flow. Total monthly income runs $934/mo, and annual cash flow reaches $2,569/yr on $39,747 cash to close. Return on cash invested measures 26.37% in year one, and rental yield registers 9.35% at a $119,900 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,126 by year five. Five-year ROI tracks 137.43% and total cumulative return in cash totals $54,624. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $934/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
5,227 sqft lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-04-02 | Listed for sale | $119,900 |
| 2021-02-12 | Sold | $65,000 |
| 2011-09-21 | Sold | $640 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-03 | $668.40 | 3.63% | $83,300 | 11.36% |
| 2023-04-03 | $645.00 | 16.01% | $74,800 | 15.97% |
| 2022-04-03 | $556.00 | 4.51% | $64,500 | 16.01% |
Listed by: Susan Neal • RE/MAX First Integrity
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510986
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