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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 2515 S Main St, New Castle, IN, 47362 with 5% annual appreciation on a $299,999 basis while $1,556/mo rent supports operations. 96% in year one. Equity gained on principal adds $1,936/yr, and five-year appreciation sums $82,884 alongside rental yield of 6.22%. Five-year ROI measures 86.79% and total cumulative return in cash totals $86,316. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,556/mo property income versus a $1,468/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1965
0.43 Acres lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2024-08-13 | Listed for sale | $299,999 |
| 2023-10-03 | Sold | $69,900 |
| 2023-09-20 | Pending sale | $69,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $1617.00 | 12.06% | $180,700 | 11.75% |
| 2022-10-14 | $1443.00 | 2.70% | $161,700 | 12.06% |
| 2021-10-14 | $1405.00 | 2.18% | $144,300 | 2.70% |
Listed by: Melissa Guffy-Griffin • ERA Integrity Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202430689
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.
