821 S 17th St, New Castle, IN, 47362 | $317/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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821 S 17th St, New Castle, IN, 47362 | $317/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 821 S 17th St, New Castle, IN, 47362 listed at $180,000 pairs $1,397/mo rent with a $881/mo payment to leave $317/mo cash flow. Total monthly income runs $1,397/mo, and annual cash flow reaches $3,798/yr on $59,670 cash to close. Return on cash invested measures 26.27% in year one, and rental yield registers 9.31% at a $180,000 basis. Equity gained on principal adds $1,162/yr, and annual property appreciation at 5% supports $49,731 by year five. Five-year ROI tracks 136.78% and total cumulative return in cash totals $81,617. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,397/mo property income relative to a $881/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1900

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

Step into the inviting entryway of this charming 2-story home featuring 5 bedrooms and 2 full baths. The main floor offers a comfortable living room with a cozy fireplace and laminate wood flooring, a formal dining area, and a large kitchen with plenty of cabinet space - all kitchen appliances included! A laundry room just off the kitchen adds convenience, and sliding doors lead to the backyard, perfect for outdoor gatherings. The main floor bedroom offers flexibility for guests or a home office, while upstairs you'll find four additional bedrooms and a full bath, including a spacious primary bedroom with room to unwind. With over 2,000 square feet of living space plus a full basement, there's no shortage of storage or potential for additional living areas. This home is perfect for anyone needing space and functionality - come see all it has to offer!