318 N 23rd St, New Castle, IN, 47362 | $506/mo Cash Flow

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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

Investment property for sale in New Castle at 318 N 23rd St, New Castle, IN, 47362 offers a 11.91% rental yield on a $129,000 purchase with $1,280/mo rent. Total monthly income registers $1,280/mo, and a $631/mo payment leaves $506/mo available for distribution. Annual cash flow reaches $6,072/yr on $42,764 to close, and return on cash invested stands at 34.11% in year one. Equity gained on principal adds $832/yr while 5% annual appreciation supports $35,640 over five years. Portfolio math shows five-year ROI at 178.86% and total cumulative return in cash at $76,489. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,280/mo property income against a $631/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1946

0.27 Acres lot

$N/A/sqft

No HOA