404 N 20th St, New Castle, IN, 47362 | $445/mo Cash Flow

For Sale

Ziffy Mortgage

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 404 N 20th St, New Castle, IN, 47362 offers a 10.26% rental yield on a $174,900 purchase with $1,495/mo rent. Total monthly income registers $1,495/mo, and a $856/mo payment leaves $445/mo available for distribution. Annual cash flow reaches $5,342/yr on $57,979 to close, and return on cash invested stands at 29.12% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,322 over five years. Portfolio math shows five-year ROI at 152.08% and total cumulative return in cash at $88,176. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,495/mo property income against a $856/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1970

0.52 Acres lot

$N/A/sqft

No HOA