317 S 22nd St, New Castle, IN, 47362 | $275/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

317 S 22nd St, New Castle, IN, 47362 | $275/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1312 sft

1001 Randy Ann Ct, New Castle, IN, 47362

3 Bed
2 Bath
1366 sft

1690 Castle Hills Dr, New Castle, IN, 47362

2 Bed
1 Bath
1020 sft

2915 S 12th St, New Castle, IN, 47362

3 Bed
1 Bath
1212 sft

2705 E Fairoaks Dr, New Castle, IN, 47362

Nearby investment properties with comparable prices

4 Bed
2 Bath
1684 sft

326 S Pearl St, Spiceland, IN, 47385

$ 225,000

ROI

Cash Flow/m

3 Bed
2 Bath
3090 sft

204 S Washington St, Morristown, IN, 46161

3 Bed
3 Bath
1822 sft

1010 Ivywood Ct, New Castle, IN, 47362

Investment Property+ 2 more

$ 225,000

ROI

Cash Flow/m

2 Bed
2 Bath
1600 sft

16 N Washington St, Knightstown, IN, 46148

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in New Castle at 317 S 22nd St, New Castle, IN, 47362 offers a 8.66% rental yield on a $226,000 purchase with $1,631/mo rent. Total monthly income registers $1,631/mo, and a $1,106/mo payment leaves $275/mo available for distribution. Annual cash flow reaches $3,294/yr on $74,919 to close, and return on cash invested stands at 24.31% in year one. Equity gained on principal adds $1,458/yr while 5% annual appreciation supports $62,440 over five years. Portfolio math shows five-year ROI at 126.2% and total cumulative return in cash at $94,547. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,631/mo property income against a $1,106/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1953

7,405 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully maintained and move-in ready home offering 3 bedrooms, 2 full baths, and 2,134 sq ft of comfortable living space. This well-cared-for property is full of thoughtful details, including rich woodwork, cherry cabinetry, and abundant natural light throughout. The kitchen features a spacious island, reverse osmosis system, and includes all appliances-washer and dryer too! French doors add a touch of elegance to both the living area and the primary bedroom. Enjoy ample storage and large closets, plus an updated rear exterior door and storm door (May 2025). The home also includes a water softener, electrolysis device, and a furnace ionizer to help improve air and water quality for healthier living. Step outside to appreciate the beautifully landscaped retaining wall that leads up to the covered front porch. The privacy-fenced backyard offers a gated off-street parking area, a separate play yard perfect for kids and pets, and a 30-amp outlet with plenty of space to park an RV. The 26x26 detached garage comes equipped with two window A/C units and extra storage.Additional features include a security system with cameras for peace of mind. This home checks all the boxes-comfort, space, and convenience-inside and out!