1201 W Skyline Dr, New Castle, IN, 47362 | $322/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1201 W Skyline Dr, New Castle, IN, 47362 | $322/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

Rental property for sale in New Castle at 1201 W Skyline Dr, New Castle, IN, 47362 generates $1,277/mo in rent and, after a $779/mo payment, leaves $322/mo in cash flow. Total monthly income is $1,277/mo, and annual cash flow is $3,860/yr on $52,748 invested. Return on cash invested sits at 27.23% in year one, and rental yield is 9.63% on a $159,120 entry. Equity gained on principal adds $1,027/yr, while 5% annual appreciation builds toward $43,962 over five years. Five-year ROI reaches 141.87% and total cumulative return in cash sums $74,833. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,277/mo property income rather than buyer’s personal income.

Single Family

Built in 1965

0.42 Acres lot

$N/A/sqft

No HOA

More details about the property

Beautiful all-brick ranch nestled in a peaceful setting while remaining just minutes from I-70, local dining, and shopping conveniences. This charming 3-bedroom, 1.5-bath home offers the perfect blend of comfort and functionality. The primary suite features its own private half bath for added convenience. The full bathroom includes both a bathtub and a stand-up shower that was updated just 3 years ago. Step inside to discover a formal living room with custom built-in bookshelves and a cozy fireplace in the additional family room, perfect for relaxing or entertaining. The kitchen is equipped with a built-in electric double oven, a breakfast bar, and plenty of cabinet space. Enjoy sunsets on the oversized front porch, ideal for unwinding with loved ones. The 2-car integral garage includes extra storage space and a convenient exterior access door for added functionality. Don't miss this opportunity to own a home that offers the best of both worlds-tranquil living with easy access to everything you need.