2528 S 23rd StNew CastleIN47362
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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
Investment Highlights
Investment property for sale in New Castle at 2528 S 23rd St, New Castle, IN, 47362 earns $175/mo cash flow from $835/mo rent with a $538/mo payment. Total monthly income totals $835/mo, and annual cash flow totals $2,102/yr on $36,432 capital. ROI tracks 25.68% on current figures, and rental yield reads 9.12% at a $109,900 purchase. Equity gained on principal adds $709/yr, and 5% annual appreciation supports $30,363 over five years. Five-year ROI reaches 133.64% and total cumulative return in cash sums $48,688. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $835/mo property income instead of your personal income.
Single Family
Built in 1954
8,581 sqft lot
$N/A/sqft
No HOA
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Listed by: Nathaniel Bennett • F.C. Tucker/Crossroads Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511673
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.