1080 Radio Ln New Castle, IN 47362

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5 beds · 2 baths · 2,100 sq ft · Lot Size: 21,000 sq ft · Single Family Home
Est. Property Value: $177,879

High Demand Long-Term RentalLarge Lot AdvantageOwner Age Above 75

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1080 Radio Ln is in the 47362 neighborhood of New Castle, IN. It is located in Henry County and ZIP code 47362. This Single Family Home was built in 1966 and is approximately 59 years old. The single family home spans 2100 sq ft with 5 bedrooms and 2 bathrooms and sits on a 21000 sq ft lot. According to public records, it has a tax-assessed value of $177,600, which is $85 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 1080 Radio Ln New Castle, IN 47362 with Property Intel by Whitepages.

Owners & Occupancy for 1080 Radio Ln

This property is owned by Melba M Wadman. Owner contact information includes 2 phone numbers.

Property Owners

Cell Phone(317) ***-****View Cell Phone
Residence**************
Landline
Distance from Property**********
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Occupancy

Current Occupancy*****View Occupancy
Resident 1************** age 92

Property Financials for 1080 Radio Ln

1080 Radio Ln, New Castle, IN has no known mortgage. The Henry county assessment for 2023 values it at $177,600, with annual taxes of $1,696.

Property Tax

Property Tax Amount$1,696 in 2023
Assessed Value$177,600 on 2023

Investment Potential for 1080 Radio Ln

The property has a current estimated value of $177,879, which is 2% below the zip median. Projected long-term rental income is $34,200 annually ($2,850 per month) with a 84% occupancy rate.

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Long-Term

Gross Rental
$34,200 per year($2,850 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
84%in 47362 zip code
 
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Property Details for 1080 Radio Ln

Property Details

Property Sq Ft

Living Area

2,100 sq ft

0% above market

Lot Size

21,000 sq ft

21% above market

Price Per Sq Ft

Living Area

$85 / sq ft

1% above market

Lot Size Area

$8 / sq ft

24% below market

Property condition, age, exterior, etc. for 1080 Radio…
Longitude: -85.374403 Latitude: 39.889722 Parcel Number (APN): 33-12-27-430-414.000-015…

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Market Benchmarks

Compare data for 1080 Radio Ln in Henry County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$177,879
$312,900
-$135,022 (-43%)
—
—
—
YoY Price Change
****%
1.99%
419%
Year Built
1966
1988
-22 years
Living Space
2,100 sq ft
2,408 sq ft
-308 (-13%)
$ Per Living Sq Ft
$85
$128
-$44 (-34%)
Lot Size
21,000 sq ft
15,450 sq ft
5550 (36%)
$ Per Lot Sq Ft
$8
$20
-$12 (-58%)

Net Operating Income
$*****
$23,121
$3,489 (15%)
Annual Revenue
$34,200
$32,400
$1,800 (6%)
$****
$9,149
-$1,559 (-17%)
Net Operating Income
$*****
$23,121
$3,489 (15%)
Cap Rate
****%
7.5%
—
View Zip code Data
Home Value Comparison: Property vs. Local and Regional 5-Bed Single Family Home Medians

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