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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 3208 E Hardacre Ct, New Castle, IN, 47362 generates $1,814/mo in rent and, after a $1,248/mo payment, leaves $283/mo in cash flow. Total monthly income is $1,814/mo, and annual cash flow is $3,400/yr on $84,533 invested. Return on cash invested sits at 23.93% in year one, and rental yield is 8.54% on a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 124.19% and total cumulative return in cash sums $104,984. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,814/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
0.61 Acres lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-07-16 | Sold | $255,000 |
| 2025-06-12 | Pending sale | $259,900 |
| 2025-06-06 | Listed for sale | $259,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-17 | $925.08 | -12.70% | $124,500 | 9.50% |
| 2023-10-17 | $1059.60 | 18.90% | $113,700 | 1.52% |
| 2022-10-17 | $891.16 | 0.50% | $112,000 | 10.34% |
Listed by: Austin Rich • NextHome Elite Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202521580
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.
