504 N 12th St, New Castle, IN, 47362 | $750/mo Cash Flow

For Sale

Currently Rented

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

Rental property for sale in New Castle at 504 N 12th St, New Castle, IN, 47362 generates $1,590/mo in rent and, after a $685/mo payment, leaves $750/mo in cash flow. Total monthly income is $1,590/mo, and annual cash flow is $8,998/yr on $46,410 invested. Return on cash invested sits at 39.3% in year one, and rental yield is 13.63% on a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 206.59% and total cumulative return in cash sums $95,878. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,590/mo property income rather than buyer’s personal income.

Multi Family

Built in 1943

5,662 sqft lot

$N/A/sqft

No HOA