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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 2007 Lincoln Ave, New Castle, IN, 47362 offers a 10.66% rental yield on a $125,000 purchase with $1,110/mo rent. Total monthly income registers $1,110/mo, and a $612/mo payment leaves $359/mo available for distribution. Annual cash flow reaches $4,314/yr on $41,438 to close, and return on cash invested stands at 30.32% in year one. Equity gained on principal adds $807/yr while 5% annual appreciation supports $34,535 over five years. Portfolio math shows five-year ROI at 158.51% and total cumulative return in cash at $65,681. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,110/mo property income against a $612/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
3,920 sqft lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-05-30 | Listed for sale | $125,000 |
| 2007-04-23 | Sold | $18,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-02 | N/A | N/A | $56,800 | 1.25% |
| 2023-06-02 | N/A | N/A | $56,100 | 14.49% |
| 2022-06-02 | N/A | N/A | $49,000 | 15.84% |
Listed by: Susie Dudley • F.C. Tucker/Crossroads Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202520326
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.
