512 N 16th St, New Castle, IN, 47362 | $570/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 512 N 16th St, New Castle, IN, 47362 offers a 11.23% rental yield on a $169,900 purchase with $1,590/mo rent. Total monthly income registers $1,590/mo, and a $832/mo payment leaves $570/mo available for distribution. Annual cash flow reaches $6,836/yr on $56,322 to close, and return on cash invested stands at 32.05% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,940 over five years. Portfolio math shows five-year ROI at 167.72% and total cumulative return in cash at $94,466. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,590/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1900

0.53 Acres lot

$N/A/sqft

No HOA