2118 Vine St, New Castle, IN, 47362 | $359/mo Cash Flow

For Sale

Listed for sale 4 days ago

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 2118 Vine St, New Castle, IN, 47362 uses $41,438 cash to close to unlock $4,314/yr annual cash flow and $359/mo monthly cash flow. Total monthly income runs $1,110/mo, and a $612/mo payment keeps the spread at $359/mo. Purchase price stands at $125,000, and rental yield measures 10.66% with $1,110/mo rent. Return on cash invested shows 30.32% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 158.51% and total cumulative return in cash records $65,681. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,110/mo property income covering a $612/mo payment rather than investor’s personal income.

Single Family

Built in 1930

6,534 sqft lot

$N/A/sqft

No HOA