723 S 15th St, New Castle, IN, 47362 | $359/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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723 S 15th St, New Castle, IN, 47362 | $359/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in New Castle at 723 S 15th St, New Castle, IN, 47362 uses $41,438 cash to close to unlock $4,314/yr annual cash flow and $359/mo monthly cash flow. Total monthly income runs $1,110/mo, and a $612/mo payment keeps the spread at $359/mo. Purchase price stands at $125,000, and rental yield measures 10.66% with $1,110/mo rent. Return on cash invested shows 30.32% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 158.51% and total cumulative return in cash records $65,681. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,110/mo property income covering a $612/mo payment rather than investor’s personal income.

Single Family

Built in 1941

7,405 sqft lot

$N/A/sqft

No HOA

More details about the property

The single-family residence in Newcastle offers an inviting home, ready for you to move in and make it your own. The living room provides a warm and welcoming atmosphere, enhanced by the comforting presence of a fireplace, perfect for relaxing evenings. The kitchen is enhanced with a backsplash, adding visual appeal with a dining area. This property includes two bedrooms and one full bathroom within a 1040 square feet living area plus a further 1040sqft of unfinished basement ready for you to create a useable space. Easy walking distance to downtown New Castle to grab a bite or do some shopping! This is an inviting place to create your ideal home and a great location to get to everything New Castle has to offer!