1234 Forest Dr #2, New Castle, IN, 47362 | $180/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1234 Forest Dr #2, New Castle, IN, 47362 | $180/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 1234 Forest Dr #2, New Castle, IN, 47362 offers a 8.12% rental yield on a $234,900 purchase with $1,590/mo rent. Total monthly income registers $1,590/mo, and a $1,150/mo payment leaves $180/mo available for distribution. Annual cash flow reaches $2,156/yr on $77,869 to close, and return on cash invested stands at 22.68% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,899 over five years. Portfolio math shows five-year ROI at 117.47% and total cumulative return in cash at $91,473. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,590/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1958

6,316 sqft lot

$N/A/sqft

No HOA

More details about the property

This inviting home at 1234 Forest Dr in New Castle combines everyday comfort with convenience. With 2,060 sq ft of living space, it features three bedrooms, two full baths, a spacious living room and family room separated by a central dining area, plus a finished basement that offers flexible space for recreation, work, or storage. Built in 1958, the home sits on a well-sized 0.14-acre lot and includes a convenient 1.5-car garage. Located within half a mile of Riley Elementary, New Castle Middle, and New Castle High, this property is attractively priced and move-in ready, an ideal opportunity for its next owner.