2504 Raintree, New Castle, IN, 47362 | 6.15% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

2504 Raintree, New Castle, IN, 47362 | 6.15% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
4 Bath
4000 sft

627 S Clearview Dr, New Castle, IN, 47362

3 Bed
2 Bath
3419 sft

4005 S Memorial Dr, New Castle, IN, 47362

3 Bed
2 Bath
2192 sft

1334 S Onyx Ct, New Castle, IN, 47362

3 Bed
2 Bath
4334 sft

4905 W State Road 38, New Castle, IN, 47362

Nearby investment properties with comparable prices

3 Bed
2 Bath
1312 sft

1275 Gunnison Dr, Greenfield, IN, 46140

3 Bed
2 Bath
1364 sft

1247 Maumee Ct, Greenfield, IN, 46140

3 Bed
2 Bath
3360 sft

4706 W Old Trail Rd, Knightstown, IN, 46148

3 Bed
2 Bath
2608 sft

5395 W State Road 38, New Castle, IN, 47362

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in New Castle at 2504 Raintree, New Castle, IN, 47362 earns from $1,590/mo rent with a $1,517/mo payment. Total monthly income totals $1,590/mo. ROI tracks 16.75% on current figures, and rental yield reads 6.15% at a $310,000 purchase. Equity gained on principal adds $2,000/yr, and 5% annual appreciation supports $85,647 over five years. Five-year ROI reaches 85.68% and total cumulative return in cash sums $88,051. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,590/mo property income instead of your personal income.

Single Family

Built in 1977

0.46 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 2504 NW Raintree Dr., a beautifully maintained brick ranch located in the desirable Raintree Heights subdivision. This spacious 3-bedroom, 2.5-bath home offers 2,160 sq ft of comfortable living space with thoughtful updates and timeless charm throughout. Sitting on a corner lot of nearly half acre, the property combines classic curb appeal with modern convenience & plenty of room to enjoy both indoors & out. From the moment you arrive, the covered front entry provides a warm welcome & a perfect spot to greet guests. Inside, you'll find a traditional yet versatile layout with both a formal living room and a cozy family room, giving you options for entertaining or relaxing. The kitchen features a practical design with a breakfast nook for casual dining, while hardwood floors add warmth & character. The primary suite includes its own private bath, while the 2 bedrooms share a second full bath, ensuring comfort for family or guests. A convenient half bath is also available for guests. The home's layout is designed to provide easy flow & functionality while maintaining an inviting atmosphere. Outdoor living is just as impressive with a large back patio perfect for grilling, entertaining, or simply enjoying the peaceful surroundings. Mature trees provide shade & privacy, while the expansive yard offers plenty of space for gardening, play, or outdoor hobbies. A garden shed adds additional storage for tools & lawn equipment. Car enthusiasts, hobbyists, or those in need of extra storage will appreciate not only the attached two-car garage but also a second detached two-car garage-ideal for workshop space, recreational vehicles, or additional parking. Situated in a quiet neighborhood with established homes, this property combines the best of suburban living with easy access to New Castle amenities, schools, shopping, & recreation. Sold as an estate, this home also comes with a home warranty for added peace of mind. 2504 NW Raintree Dr is ready to welcome you home.