218 S 21st St, New Castle, IN, 47362 | $156/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

218 S 21st St, New Castle, IN, 47362 | $156/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

Investment Property+ 1 more

3 Bed
2 Bath
1376 sft

1310 Lynnhurst Dr, New Castle, IN, 47362

2 Bed
1 Bath
1365 sft

1534 A Ave, New Castle, IN, 47362

3 Bed
1 Bath
880 sft

2918 S 19th St, New Castle, IN, 47362

3 Bed
2 Bath
1344 sft

10486 W County Road 800 S, Knightstown, IN, 46148

Nearby investment properties with comparable prices

3 Bed
2 Bath
1012 sft

602 E North St, Knightstown, IN, 46148

5 Bed
4 Bath
5222 sft

701 N Fairoaks Dr, New Castle, IN, 47362

2 Bed
2 Bath
1956 sft

1223 S 21st St, New Castle, IN, 47362

2 Bed
1 Bath
1255 sft

508 Cedar Dr, New Castle, IN, 47362

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in New Castle at 218 S 21st St, New Castle, IN, 47362 listed at $165,000 pairs $1,147/mo rent with a $808/mo payment to leave $156/mo cash flow. Total monthly income runs $1,147/mo, and annual cash flow reaches $1,873/yr on $54,698 cash to close. Return on cash invested measures 23.33% in year one, and rental yield registers 8.34% at a $165,000 basis. Equity gained on principal adds $1,065/yr, and annual property appreciation at 5% supports $45,586 by year five. Five-year ROI tracks 121.06% and total cumulative return in cash totals $66,215. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,147/mo property income relative to a $808/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1920

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

This newly remodeled property is full of farmhouse charm and ready to show off. In addition to the fresh interior, upgrades include all new windows, exterior siding, plumbing and electrical wiring throughout. The spacious living areas offer high ceilings, over-sized windows, and beautiful hardwood floors showcasing the original character of the home. The adorable kitchen has ample cabinetry and gives retro vibes. The home now features 3 generous sized bedrooms. Two large storage closets and a main floor laundry area offer convenience and functionality. Outside, the quaint covered porch and the landscaped corner lot give cheerful curb appeal. In the back, the detached garage has a large workshop addition, giving a space that blends projects and play.