1010 Ivywood Ct, New Castle, IN, 47362 | $240/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1010 Ivywood Ct, New Castle, IN, 47362 | $240/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 1010 Ivywood Ct, New Castle, IN, 47362 uses $74,588 cash to close to unlock $2,875/yr annual cash flow and $240/mo monthly cash flow. Total monthly income runs $1,590/mo, and a $1,101/mo payment keeps the spread at $240/mo. Purchase price stands at $225,000, and rental yield measures 8.48% with $1,590/mo rent. Return on cash invested shows 23.76% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 123.3% and total cumulative return in cash records $91,965. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,590/mo property income covering a $1,101/mo payment rather than investor’s personal income.

Single Family

Built in 1976

0.28 Acres lot

$N/A/sqft

No HOA

More details about the property

Beautiful 3-bedroom, 2.5-bath home that's ready for its next chapter! The exterior has been updated with cement board siding and a new roof in 2020. Inside, fresh flooring and paint will make this solid home truly your own. The large living area flows into the formal dining room, perfect for gatherings. The eat-in kitchen offers plenty of cabinets, a pantry, and room for everyday meals. The primary suite is spacious enough for a king-size bed and features its own private deck, along with an ensuite bath that includes dual sinks and a walk-in shower. A recently remodeled full bath serves the additional bedrooms on this level. The huge downstairs bonus room, complete with a half bath, provides endless options-game room, family room, hobby space, or home office. With updates already started and plenty of room to finish it your way, this home is great for entertaining, great for families, and a great place to call home.