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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% |
Investment property for sale in New Castle at 602 E Lutton St, New Castle, PA, 16101 with 5% annual appreciation on a $159,900 basis while $762/mo rent supports operations. 43% in year one. Equity gained on principal adds $1,032/yr, and five-year appreciation sums $44,177 alongside rental yield of 5.72%. Five-year ROI measures 68.58% and total cumulative return in cash totals $36,354. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $762/mo property income versus a $783/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1930
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 16101, New Castle, PA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,658 (100%) |
| Owner Occupied HU | 9,106 (62.1%) |
| Renter Occupied HU | 3,972 (27.1%) |
| Vacant Housing Units | 1,580 (10.8%) |
| Median Home Value | $143,785 |
| Average Home Value | $183,240 |
Residential
14,087
Single Family
12,897
Multi-Family
1,190
Businesses
1,064
Date | Event | Price |
|---|---|---|
| 2025-02-26 | Listed for sale | $159,900 |
| 2023-12-30 | Listing removed | N/A |
| 2023-11-14 | Price change | $595 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-27 | $1993.93 | 0.29% | $51,700 | N/A |
| 2022-02-27 | $1988.24 | 362.83% | $51,700 | N/A |
| 2021-02-27 | $429.58 | -77.25% | $51,700 | N/A |
Listed by: Bobbie Schuller • HOWARD HANNA REAL ESTATE SERVICES
Mls Name: WPMLS
Mls Provider:
Mls ID: #1689732
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.
