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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% |
Rental property for sale in New Castle at 2915 S 12th St, New Castle, IN, 47362 generates $1,630/mo in rent and, after a $804/mo payment, leaves $644/mo in cash flow. Total monthly income is $1,630/mo, and annual cash flow is $7,728/yr on $54,432 invested. Return on cash invested sits at 34.11% in year one, and rental yield is 11.91% on a $164,200 entry. Equity gained on principal adds $1,060/yr, while 5% annual appreciation builds toward $45,365 over five years. Five-year ROI reaches 178.81% and total cumulative return in cash sums $97,332. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,630/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
8,276 sqft lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-05-22 | Listing removed | $254,500 |
| 2024-09-18 | Pending sale | $254,500 |
| 2024-08-30 | Listed for sale | $254,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $1067.00 | 18.15% | $99,800 | 1.73% |
| 2023-10-22 | $903.08 | 20.89% | $98,100 | 11.48% |
| 2022-10-22 | $747.00 | -2.35% | $88,000 | 15.49% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
