








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 627 N 26th St, New Castle, IN, 47362 uses $42,764 cash to close to unlock $3,192/yr annual cash flow and $266/mo monthly cash flow. Total monthly income runs $1,040/mo, and a $631/mo payment keeps the spread at $266/mo. Purchase price stands at $129,000, and rental yield measures 9.67% with $1,040/mo rent. Return on cash invested shows 27.37% in year one, and 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 142.72% and total cumulative return in cash records $61,033. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,040/mo property income covering a $631/mo payment rather than investor’s personal income.
Single Family
Built in 1940
5,880 sqft lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-04-02 | Listed for sale | $129,000 |
| 2022-11-18 | Sold | $77,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-03 | $411.94 | 24.14% | $53,500 | 16.05% |
| 2023-04-03 | $331.84 | 10961.33% | $46,100 | 8.73% |
| 2022-04-03 | $3.00 | N/A | $42,400 | 1.19% |



Listed by: Ellen Shelton • Coldwell Banker Lingle
Mls Name: RLMS
Mls Provider:
Mls ID: #10050680
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