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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 3815 S Main St, New Castle, IN, 47362 generates $3,071/mo in rent and, after a $1,639/mo payment, leaves $1,061/mo in cash flow. Total monthly income is $3,071/mo, and annual cash flow is $12,730/yr on $111,019 invested. Return on cash invested sits at 31.38% in year one, and rental yield is 11% on a $334,900 entry. Equity gained on principal adds $2,161/yr, while 5% annual appreciation builds toward $92,527 over five years. Five-year ROI reaches 164.08% and total cumulative return in cash sums $182,161. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,071/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
0.39 Acres lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-07-16 | Listed for sale | $334,900 |
| 2023-10-16 | Sold | $315,000 |
| 2023-09-04 | Pending sale | $315,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-17 | $1884.40 | -3.12% | $229,800 | 12.54% |
| 2023-07-17 | $1945.00 | 21.71% | $204,200 | 4.99% |
| 2022-07-17 | $1598.00 | 5.90% | $194,500 | 21.71% |
Listed by: Krista Gibson • RE/MAX Integrity Real Estate
Mls Name: RLMS
Mls Provider:
Mls ID: #10051525
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.
