Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 1811 S Spiceland Pike, New Castle, IN, 47362 generates $2,018/mo in rent, after a $2,403/mo payment. Total monthly income is $2,018/mo. Return on cash invested sits at 13.06% in year one, and rental yield is 4.93% on a $491,000 entry. Equity gained on principal adds $3,168/yr, while 5% annual appreciation builds toward $135,654 over five years. Five-year ROI reaches 65.86% and total cumulative return in cash sums $107,198. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,018/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
1.05 Acres lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-06-18 | Price change | $491,000 |
| 2025-06-10 | Listed for sale | $499,000 |
| 2021-03-10 | Sold | $32,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-19 | $2603.42 | 1985.74% | $288,100 | 9.21% |
| 2023-06-19 | $124.82 | -84.03% | $263,800 | 694.58% |
| 2022-06-19 | $781.36 | 2.29% | $33,200 | 14.88% |
Listed by: Jody Reichart • RE/MAX Integrity Real Estate
Mls Name: RLMS
Mls Provider:
Mls ID: #10051245
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
