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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 733 N 18th St, New Castle, IN, 47362 uses $38,123 cash to close to unlock $1,666/yr annual cash flow and $139/mo monthly cash flow. Total monthly income runs $880/mo, and a $563/mo payment keeps the spread at $139/mo. Purchase price stands at $115,000, and rental yield measures 9.18% with $880/mo rent. Return on cash invested shows 24.28% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 126.66% and total cumulative return in cash records $48,285. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $880/mo property income covering a $563/mo payment rather than investor’s personal income.
Manufactured
Built in 2007
6,534 sqft lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2024-10-02 | Listed for sale | $115,000 |
| 2022-09-01 | Listing removed | N/A |
| 2022-08-01 | Listed for rent | $1,050 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $1563.00 | 7.13% | $101,100 | 29.45% |
| 2022-10-14 | $1459.00 | -1.08% | $78,100 | 7.13% |
| 2021-10-14 | $1475.00 | 0.82% | $72,900 | -1.09% |
Listed by: Sarah Schaefer • White Stag Realty, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22004453
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 08:48:41 PST. 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](/info/mls-disclaimers/#mls_48)
