2001 S 14th St, New Castle, IN, 47362 | $394/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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2001 S 14th St, New Castle, IN, 47362 | $394/mo Cash Flow | Ziffy

For Sale

Currently Rented

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 2001 S 14th St, New Castle, IN, 47362 listed at $117,500 pairs $1,099/mo rent with a $575/mo payment to leave $394/mo cash flow. Total monthly income runs $1,099/mo, and annual cash flow reaches $4,725/yr on $38,951 cash to close. Return on cash invested measures 32.04% in year one, and rental yield registers 11.22% at a $117,500 basis. Equity gained on principal adds $758/yr, and annual property appreciation at 5% supports $32,463 by year five. Five-year ROI tracks 167.63% and total cumulative return in cash totals $65,294. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,099/mo property income relative to a $575/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Multi Family

Built in 1900

5,706 sqft lot

$N/A/sqft

No HOA

More details about the property

Turnkey duplex investment opportunity. Fully leased and ready for immediate income, this well-maintained duplex offers a solid addition to your investment portfolio. Situated on a corner lot with alley access and sidewalks, the property features two updated units with low-maintenance exterior. Unit 1 offers 2 bedrooms and 1 bath, while Unit 2 has 1 bedroom and 1 bath. Both units are in good condition, feature durable LVP flooring, and come equipped with a stove and refrigerator. Utilities are separately metered for gas and electric, with the landlord covering water and sewer. Located in a desirable area, this property combines convenience, dependable tenants, and minimal upkeepmaking it an excellent turnkey opportunity.