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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 620 Black Rd, New Castle, IN, 47362 with 5% annual appreciation on a $345,900 basis while $1,560/mo rent supports operations. 5% in year one. Equity gained on principal adds $2,232/yr, and five-year appreciation sums $95,566 alongside rental yield of 5.41%. Five-year ROI measures 73.63% and total cumulative return in cash totals $84,431. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,560/mo property income versus a $1,693/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1960
0.57 Acres lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-04-22 | Listed for sale | $345,900 |
| 2012-11-01 | Sold | $180,000 |
| 2003-06-13 | Sold | $185,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-24 | $2562.00 | 16.03% | $287,100 | 12.06% |
| 2023-04-24 | $2208.00 | 1.70% | $256,200 | 16.03% |
| 2022-04-24 | $2171.00 | -1.00% | $220,800 | 1.70% |
Listed by: Kimberly Burke-Alcorn • F.C. Tucker/Crossroads Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514004
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.
