1535 Bundy Ave, New Castle, IN, 47362 | 4.86% Rental Yield

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1535 Bundy Ave, New Castle, IN, 47362 | 4.86% Rental Yield | 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 1535 Bundy Ave, New Castle, IN, 47362 priced at $384,900 pairs $1,560/mo rent with after a $1,884/mo payment. Total monthly income equals $1,560/mo. Return on cash invested is 12.85% in year one, and rental yield stands at 4.86% on a $384,900 basis. Equity gained on principal adds $2,484/yr, and 5% annual appreciation accumulates to $106,341 by year five. Five-year ROI measures 64.76% and total cumulative return in cash reaches $82,635. For financing, Ziffy Mortgage’s DSCR program evaluates $1,560/mo property income against a $1,884/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1836

0.82 Acres lot

$N/A/sqft

No HOA

More details about the property

A rare, one-of-a-kind Italianate treasure, this home blends modern efficiency with an extraordinary respect for its 19th-century origins. True to the period, the exterior showcases tall windows, original brickwork, wide eaves, and a stately, symmetrical facade. Inside, 10' ceilings, custom-built period light fixtures, original cherry staircase, maple hardwoods throughout, custom windows, and rich wood trim preserve the integrity and craftsmanship of the era. Every update-mechanical, cosmetic, or structural-has been thoughtfully chosen to honor the home's history while elevating comfort, from the Carrier Infinity HVAC system to the renovated baths and updated kitchen. Set on .82 acres, this property includes a 2.5 car garage, detached studio cottage, and a complete apartment-offering flexibility not found elsewhere. Extensive landscaping, a stamped concrete patio out front, a pergola in the backyard, and careful restoration inside and out make this home truly historic, curated, and irreplaceable. A property of this caliber and character comes along only once.