1109 McCormack Dr, New Castle, IN, 47362 | $528/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
4 Bath
8126 sft

828 E Adams St, Muncie, IN, 47305

3 Bed
2 Bath
2832 sft

7447 S 25 E, Pendleton, IN, 46064

5 Bed
3 Bath
7299 sft

7201 E Windsor Rd, Selma, IN, 47383

4 Bed
3 Bath
3042 sft

1242 W Huntsville Rd, Pendleton, IN, 46064

Nearby investment properties with comparable prices

Airbnb Potential+ 1 more

3 Bed
2 Bath
3222 sft

1084 Chipmunk Ln, Pendleton, IN, 46064

Stirling Plan, The Preserve at Northfield Village

3 Bed
3 Bath
2615 sft

Stirling Plan, The Preserve at Northfield Village, New Castle, IN, 47362

4 Bed
3 Bath
4013 sft

902 Lincoln Ave, New Castle, IN, 47362

5 Bed
3 Bath
2736 sft

2338 Fir Dr, Greenfield, IN, 46140

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in New Castle at 1109 McCormack Dr, New Castle, IN, 47362 earns $528/mo cash flow from $3,181/mo rent with a $2,163/mo payment. Total monthly income totals $3,181/mo, and annual cash flow totals $6,337/yr on $146,523 capital. ROI tracks 24.23% on current figures, and rental yield reads 8.64% at a $442,000 purchase. Equity gained on principal adds $2,852/yr, and 5% annual appreciation supports $122,116 over five years. Five-year ROI reaches 125.81% and total cumulative return in cash sums $184,346. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,181/mo property income instead of your personal income.

Single Family

Built in 2004

0.26 Acres lot

$N/A/sqft

No HOA