








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in New Castle at 701 Hawthorn Rd, New Castle, IN, 47362 offers $1,560/mo rent that, after a $1,933/mo payment. Total monthly income is $1,560/mo. Return on cash invested measures 12.48% in year one, and rental yield stands at 4.74% at a $395,000 entry. Equity gained on principal adds $2,549/yr while 5% annual appreciation compounds into $109,131 by year five. Five-year ROI records 62.78% and total cumulative return in cash reaches $82,206. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,560/mo property income versus a $1,933/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
0.83 Acres lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Jordan Moody • Keller Williams Indpls Metro N
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22033240