2517 S 23rd St, New Castle, IN, 47362 | $484/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2517 S 23rd St, New Castle, IN, 47362 | $484/mo Cash Flow | Ziffy

For Sale

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

Rental property for sale in New Castle at 2517 S 23rd St, New Castle, IN, 47362 generates $1,450/mo in rent and, after a $788/mo payment, leaves $484/mo in cash flow. Total monthly income is $1,450/mo, and annual cash flow is $5,803/yr on $53,372 invested. Return on cash invested sits at 30.78% in year one, and rental yield is 10.81% on a $161,000 entry. Equity gained on principal adds $1,039/yr, while 5% annual appreciation builds toward $44,481 over five years. Five-year ROI reaches 160.95% and total cumulative return in cash sums $85,899. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,450/mo property income rather than buyer’s personal income.

Single Family

Built in 1957

9,147 sqft lot

$N/A/sqft

No HOA

More details about the property

This single-family residence in Henry County presents an opportunity to own a home and create your own story. The residence includes three bedrooms, providing personal space and comfort. Property offers a quaint living area, built on a generous lot almost a quarter of an acre, providing ample room for outdoor activities and relaxation. Constructed in 1957, this single-story home offers a unique opportunity, loaded with potential.