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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 715 Broad St, New Castle, IN, 47362 at $225,000 posts ROI 23.76% with $240/mo cash flow from $1,590/mo rent. Total monthly income equals $1,590/mo, and annual cash flow records $2,875/yr on $74,588 to close. Return on cash invested measures 23.76% and rental yield reads 8.48% at the current $225,000. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 by year five. Five-year ROI prints 123.3% and total cumulative return in cash totals $91,965.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,590/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1930
6,969 sqft lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-05-12 | Listed for sale | $225,000 |
| 2005-10-26 | Sold | $44,954 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Justin Lowe • Ellsbury Commerical Group
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22037115
Disclaimer: Based on information submitted to the MLS GRID as of 2025-05-13 07:53:02 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
