402 S 15th StNew CastleIN47362
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment Highlights
Investment property for sale in New Castle at 402 S 15th St, New Castle, IN, 47362 uses $39,747 cash to close to unlock $2,653/yr annual cash flow and $221/mo monthly cash flow. Total monthly income runs $941/mo, and a $587/mo payment keeps the spread at $221/mo. Purchase price stands at $119,900, and rental yield measures 9.42% with $941/mo rent. Return on cash invested shows 26.58% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 138.52% and total cumulative return in cash records $55,056. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $941/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1945
7,405 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Johnson • Vylla Home
Mls Name: IRMLS
Mls Provider:
Mls ID: #202423226
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.