1811 S Spiceland PikeNew CastleIN47362
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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
Investment Highlights
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
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Listed by: Jody Reichart • RE/MAX Integrity Real Estate
Mls Name: RLMS
Mls Provider:
Mls ID: #10051245
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