2746 N Memorial Dr, New Castle, IN, 47362 | $205/mo Cash Flow

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 2746 N Memorial Dr, New Castle, IN, 47362 uses $91,129 cash to close to unlock $2,464/yr annual cash flow and $205/mo monthly cash flow. Total monthly income runs $1,855/mo, and a $1,346/mo payment keeps the spread at $205/mo. Purchase price stands at $274,900, and rental yield measures 8.1% with $1,855/mo rent. Return on cash invested shows 22.61% in year one, and 5% annual appreciation builds toward $75,950 over five years. Five-year ROI reaches 117.13% and total cumulative return in cash records $106,743. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,855/mo property income covering a $1,346/mo payment rather than investor’s personal income.

Single Family

Built in 1941

2.41 Acres lot

$N/A/sqft

No HOA

More details about the property

Quality & Flexibility this property stands out in a crowd! Move-in ready & carefully updated, this 3 bed + 2.5 bath home sits on a generous 2.5 acres. Quality: The main feature of this property is the house which boasts an excellent layout with spacious rooms, new flooring, paint, and windows. The kitchen and all 3 bathrooms have been completely renovated. All 3 bedrooms are generously sized & the primary bedroom has a full private bath with walk-in shower. Flexibility: The back acreage is zoned agricultural & the detached garage/workshop is zoned for business allowing unique flexibility. This property could serve as a private retreat, a hobby farm, a business, or all three! All appliances stay including the main-floor laundry. The mechanicals are updated with a furnace, water heater, and mini-split system all less than 2 years old. The basement has been waterproofed for extra storage & workspace.