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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 345 S Messick Rd, New Castle, IN, 47362 offers $1,356/mo rent that, after a $905/mo payment, leaves $246/mo cash flow. Total monthly income is $1,356/mo, and annual cash flow is $2,952/yr on $61,328 cash. Return on cash invested measures 24.72% in year one, and rental yield stands at 8.8% at a $185,000 entry. Equity gained on principal adds $1,194/yr while 5% annual appreciation compounds into $51,112 by year five. Five-year ROI records 128.38% and total cumulative return in cash reaches $78,735. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,356/mo property income versus a $905/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.50 Acres lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2024-11-27 | Sold | $185,000 |
| 2024-10-30 | Pending sale | $199,900 |
| 2024-09-27 | Price change | $199,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | N/A | N/A | $79,800 | 2.31% |
| 2023-10-22 | N/A | N/A | $78,000 | 7.73% |
| 2022-10-22 | N/A | N/A | $72,400 | 25.48% |
Listed by: Kayla Walker • F.C. Tucker/Crossroads
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #21996128
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-21 23:38:24 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
