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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 2544 N East Raintree Dr, New Castle, IN, 47362 listed at $289,900 pairs $2,603/mo rent with a $1,419/mo payment to leave $794/mo cash flow. Total monthly income runs $2,603/mo, and annual cash flow reaches $9,523/yr on $96,102 cash to close. Return on cash invested measures 29.82% in year one, and rental yield registers 10.77% at a $289,900 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,094 by year five. Five-year ROI tracks 156.06% and total cumulative return in cash totals $149,973. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,603/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1972
0.78 Acres lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-05-23 | Listed for sale | $289,900 |
| 2017-10-14 | Sold | $154,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-19 | $3235.24 | 27.21% | $322,100 | 2.51% |
| 2023-06-19 | $2543.16 | 26.68% | $314,200 | 24.34% |
| 2022-06-19 | $2007.60 | 4.35% | $252,700 | 26.67% |
Listed by: Daniel Kinnaird • RE/MAX Integrity Real Estate
Mls Name: RLMS
Mls Provider:
Mls ID: #10051076
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