2618 High St, New Castle, IN, 47362 | $451/mo Cash Flow

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2618 High St, New Castle, IN, 47362 | $451/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 2618 High St, New Castle, IN, 47362 offers a 10.05% rental yield on a $189,900 purchase with $1,590/mo rent. Total monthly income registers $1,590/mo, and a $929/mo payment leaves $451/mo available for distribution. Annual cash flow reaches $5,406/yr on $62,952 to close, and return on cash invested stands at 28.5% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 148.69% and total cumulative return in cash at $93,605. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,590/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1900

0.30 Acres lot

$N/A/sqft

No HOA

More details about the property

Remodeled home features 3-bedrooms, 2 full bathrooms seamlessly blends modern upgrades with timeless character. Featuring an open floor plan with bamboo flooring and new carpet throughout, every detail has been thoughtfully redone-from the walls to the fixtures. The kitchen features sleek quartz countertops and updated cabinetry, perfect for both cooking and entertaining. Enjoy the convenience of main-level laundry, a detached 2 car garage, and a large, fenced yard. Situated on a generous double lot, this move-in ready home offers both charm and space to grow.