203 S 7th St, New Castle, IN, 47362 | $208/mo Cash Flow

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203 S 7th St, New Castle, IN, 47362 | $208/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 203 S 7th St, New Castle, IN, 47362 listed at $124,900 pairs $957/mo rent with a $611/mo payment to leave $208/mo cash flow. Total monthly income runs $957/mo, and annual cash flow reaches $2,491/yr on $41,404 cash to close. Return on cash invested measures 25.92% in year one, and rental yield registers 9.19% at a $124,900 basis. Equity gained on principal adds $806/yr, and annual property appreciation at 5% supports $34,508 by year five. Five-year ROI tracks 134.88% and total cumulative return in cash totals $55,846. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $957/mo property income relative to a $611/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1900

5,619 sqft lot

$N/A/sqft

No HOA

More details about the property

Must see inside! If you need space and bedrooms, this home is for you. It offers 4 bedrooms and 2 full bathroomsone on each levelalong with a large entry, living room, dining room, and kitchen. The interior features all new flooring, fresh paint throughout, a fenced yard, an attached garage with extra storage, and a full basement. The inside of the home is very move-in ready and has been nicely updated. A nice, large front porch adds extra charm and a welcoming place to relax. The home sits on a spacious corner lot that provides plenty of outdoor room. While the exterior may not fully reflect the fresh updates found inside, the home shows beautifully once you step through the front door. Its a great option for someone who values a clean, updated interior with potential to enhance the outside to match. Close to shops, restaurants and transportation.