2102 Plum St, New Castle, IN, 47362 | $245/mo Cash Flow

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2102 Plum St, New Castle, IN, 47362 | $245/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 2102 Plum St, New Castle, IN, 47362 listed at $154,900 pairs $1,175/mo rent with a $758/mo payment to leave $245/mo cash flow. Total monthly income runs $1,175/mo, and annual cash flow reaches $2,944/yr on $51,349 cash to close. Return on cash invested measures 25.64% in year one, and rental yield registers 9.1% at a $154,900 basis. Equity gained on principal adds $1,000/yr, and annual property appreciation at 5% supports $42,796 by year five. Five-year ROI tracks 133.41% and total cumulative return in cash totals $68,504. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,175/mo property income relative to a $758/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1900

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

Check out this beautifully updated, spacious 3 bedroom, 1.5 bath home with a fully fenced back yard in the heart of New Castle. This home has 3 great usable living spaces; a size-able family room, a loft, and large foyer that could be used in a variety of ways. The kitchen is spacious with an island and a gas oven/range and microhood that are both less than 2 years old. The large laundry room is on the main level. Upstairs, there are 3 bedrooms with larger closets and an updated full bathroom with additional storage in the generously sized closet. Outside, you will find a covered 11 x 7 porch overlooking the back yard, and a covered 13 x 6 front porch. There is also off street parking in the driveway, and a 16 x 12 insulated shed with electricity. Don't miss out on the chance to make this your new home!