804 S 20th St, New Castle, IN, 47362 | $185/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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804 S 20th St, New Castle, IN, 47362 | $185/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 804 S 20th St, New Castle, IN, 47362 uses $39,780 cash to close to unlock $2,220/yr annual cash flow and $185/mo monthly cash flow. Total monthly income runs $905/mo, and a $587/mo payment keeps the spread at $185/mo. Purchase price stands at $120,000, and rental yield measures 9.05% with $905/mo rent. Return on cash invested shows 25.49% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 132.51% and total cumulative return in cash records $52,711. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $905/mo property income covering a $587/mo payment rather than investor’s personal income.

Single Family

Built in 1900

5,662 sqft lot

$N/A/sqft

No HOA

More details about the property

This quaint and cozy bungalow radiates original character and charm. The unique floor plan features a dedicated entry room, a generously sized kitchen with a built-in pantry, a refrigerator, and a gas range. A 9x5 mudroom is conveniently located off the kitchen. The home boasts vinyl plank flooring throughout. The updated bathroom offers a modern stand-up shower. Character details abound, from the original glass door knobs to the classic archways. This home has had recent upgrades to the electrical system, new windows and a smart thermostat installed. Washer and dryer are included.