2222 Plum St, New Castle, IN, 47362 | $434/mo Cash Flow

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Price: $300K - 500K

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2222 Plum St, New Castle, IN, 47362 | $434/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 2222 Plum St, New Castle, IN, 47362 uses $41,404 cash to close to unlock $5,203/yr annual cash flow and $434/mo monthly cash flow. Total monthly income runs $1,183/mo, and a $611/mo payment keeps the spread at $434/mo. Purchase price stands at $124,900, and rental yield measures 11.37% with $1,183/mo rent. Return on cash invested shows 32.47% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 170.03% and total cumulative return in cash records $70,402. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,183/mo property income covering a $611/mo payment rather than investor’s personal income.

Single Family

Built in 1900

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

Wonderful bungalow with a metal roof and vinyl siding. This bungalow would be a great first home or investment. Call Troy Cruse for more information and a private tour at 765-939-2900.