1727 Plum St, New Castle, IN, 47362 | $212/mo Cash Flow

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1727 Plum St, New Castle, IN, 47362 | $212/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 1727 Plum St, New Castle, IN, 47362 generates $932/mo in rent and, after a $587/mo payment, leaves $212/mo in cash flow. Total monthly income is $932/mo, and annual cash flow is $2,545/yr on $39,747 invested. Return on cash invested sits at 26.31% in year one, and rental yield is 9.33% on a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 137.04% and total cumulative return in cash sums $54,468. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $932/mo property income rather than buyer’s personal income.

Single Family

Built in 1900

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

This versatile home, originally designed as a duplex, offers the potential for easy conversion back to its original layout. Situated on a corner lot, the property features a fenced yard and a generous 3+ car detached garage with attic storage, ensuring ample space for vehicles and belongings. With off-street parking available, this residence can accommodate up to 6 bedrooms or provide abundant flexible living spaces. There are 2 full bathrooms and a large kitchen, perfect for gatherings. Enjoy the convenience of a basement, a covered front porch, and a nice utility/laundry area located on the main level. Recent updates include newer flooring in several areas, along with hardwood floors in others. The main floor offers 1 or 2 bedrooms, and the home features two stairways.