1734 Morton St, New Castle, IN, 47362 | $274/mo Cash Flow

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1734 Morton St, New Castle, IN, 47362 | $274/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 1734 Morton St, New Castle, IN, 47362 uses $44,719 cash to close to unlock $3,294/yr annual cash flow and $274/mo monthly cash flow. Total monthly income runs $1,084/mo, and a $660/mo payment keeps the spread at $274/mo. Purchase price stands at $134,900, and rental yield measures 9.64% with $1,084/mo rent. Return on cash invested shows 27.27% in year one, and 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 142.15% and total cumulative return in cash records $63,569. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,084/mo property income covering a $660/mo payment rather than investor’s personal income.

Single Family

Built in 2004

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

Showings will begin on 10/15/2025. USDA/FHA/VA Welcome....Welcome home to New Castle and a lovely neighborhood just a few blocks from parks and the schools. For this 2004 build...barely 20 years old, this home provides 3 Beds/1 Bath/1,120 sq ft of adorable tranquility. The curb appeal here welcomes you at first sight and walking in you're immediately greeted by a huge, open concept living dining kitchen spanning greater than half the home. Entertaining, gathering, or simply cozying up, this expansive area is yours to make your own. All kitchen appliances included! No fighting over bedrooms as all of them are a very generous size. IMMACULATE AND EXTENSIVE attention and care have been taken over the years since the current owner took the keys. Fresh paint throughout as of late, a Water Heater that's less than 3 years old and BRAND-NEW HVAC in Jan. 25. No stone left unturned and no defect left unaddressed over the years. Honestly, one of the best I've seen at this price point for a long long time! Don't walk...RUN to this one. Come check it out!