1738 Morton St, New Castle, IN, 47362 | $248/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1738 Morton St, New Castle, IN, 47362 | $248/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 1738 Morton St, New Castle, IN, 47362 earns $248/mo cash flow from $1,058/mo rent with a $660/mo payment. Total monthly income totals $1,058/mo, and annual cash flow totals $2,982/yr on $44,719 capital. ROI tracks 26.58% on current figures, and rental yield reads 9.41% at a $134,900 purchase. Equity gained on principal adds $870/yr, and 5% annual appreciation supports $37,270 over five years. Five-year ROI reaches 138.39% and total cumulative return in cash sums $61,889. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,058/mo property income instead of your personal income.

Single Family

Built in 2004

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

NO SHOWINGS UNTIL 10/15/25. 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. 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 and a refrigerator less than 4 years old and brand-new flooring throughout, also less than 4 years old are among the upgrades as of late. 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!