1310 Lynnhurst DrNew CastleIN47362
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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
Investment Highlights
Investment property for sale in New Castle at 1310 Lynnhurst Dr, New Castle, IN, 47362 offers a 9.16% rental yield on a $149,900 purchase with $1,144/mo rent. Total monthly income registers $1,144/mo, and a $734/mo payment leaves $244/mo available for distribution. Annual cash flow reaches $2,926/yr on $49,692 to close, and return on cash invested stands at 25.8% in year one. Equity gained on principal adds $967/yr while 5% annual appreciation supports $41,415 over five years. Portfolio math shows five-year ROI at 134.17% and total cumulative return in cash at $66,671. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,144/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.37 Acres lot
$N/A/sqft
No HOA
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Listed by: Cara J Huffman • F.C. Tucker/Crossroads Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515068
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.