2705 E Fairoaks Dr, New Castle, IN, 47362 | $305/mo Cash Flow

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2705 E Fairoaks Dr, New Castle, IN, 47362 | $305/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 2705 E Fairoaks Dr, New Castle, IN, 47362 offers a 8.87% rental yield on a $219,900 purchase with $1,625/mo rent. Total monthly income registers $1,625/mo, and a $1,076/mo payment leaves $305/mo available for distribution. Annual cash flow reaches $3,663/yr on $72,897 to close, and return on cash invested stands at 24.93% in year one. Equity gained on principal adds $1,419/yr while 5% annual appreciation supports $60,754 over five years. Portfolio math shows five-year ROI at 129.61% and total cumulative return in cash at $94,480. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,625/mo property income against a $1,076/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1953

0.51 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully maintained single-story home with subtle mid-century modern influences, situated on a spacious corner lot in a highly desirable neighborhood. The 3 bedroom property features mature landscaping, a fenced yard, and a lovely patio area perfect for entertaining. A handy storage shed adds extra storage to the already generous outdoor space. Inside, the home boasts an open-concept layout with warm hardwood floors and a wood-burning fireplace that anchors the main living area. The kitchen is both functional and inviting, complete with all appliances and plenty of storage. A newly remodeled bathroom adds a fresh touch, and washer/dryer hookups are conveniently located on both the main floor and in the full basement. Additional highlights include an attached garage, ample off-street parking, and a brand-new furnace. Located just a short walk from schools, parks, and shopping, this home offers both comfort and convenience in a walkable, well-established area.