2820 Brown St, New Castle, IN, 47362 | $199/mo Cash Flow

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2820 Brown St, New Castle, IN, 47362 | $199/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 2820 Brown St, New Castle, IN, 47362 offers a 9.11% rental yield on a $124,900 purchase with $948/mo rent. Total monthly income registers $948/mo, and a $611/mo payment leaves $199/mo available for distribution. Annual cash flow reaches $2,383/yr on $41,404 to close, and return on cash invested stands at 25.66% in year one. Equity gained on principal adds $806/yr while 5% annual appreciation supports $34,508 over five years. Portfolio math shows five-year ROI at 133.52% and total cumulative return in cash at $55,282. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $948/mo property income against a $611/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1900

0.54 Acres lot

$N/A/sqft

No HOA

More details about the property

Just outside of town, this home sits on an approximately half-acre lot and offers more space than it appears from the outside. Inside, youll find 3 bedrooms, a comfortable living room, and a separate family room that provides extra space for relaxing or entertaining. The functional layout includes a dedicated utility room, and all appliances including the washer and dryer remain with the sale. The home features new carpet, front and back covered porches, and a quiet location with a nice yard that provides room to enjoy the outdoors. A large detached garage offers abundant storage, along with a carport and ample off-street parking. This property combines small-town convenience with a peaceful setting.