293 N Hillsboro Rd, New Castle, IN, 47362 | $415/mo Cash Flow

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Price: $300K - 500K

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Home Type: Single Family

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293 N Hillsboro Rd, New Castle, IN, 47362 | $415/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 293 N Hillsboro Rd, New Castle, IN, 47362 earns $415/mo cash flow from $1,225/mo rent with a $660/mo payment. Total monthly income totals $1,225/mo, and annual cash flow totals $4,986/yr on $44,719 capital. ROI tracks 31.06% on current figures, and rental yield reads 10.9% at a $134,900 purchase. Equity gained on principal adds $870/yr, and 5% annual appreciation supports $37,270 over five years. Five-year ROI reaches 162.44% and total cumulative return in cash sums $72,641. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,225/mo property income instead of your personal income.

Single Family

Built in 1988

3 Acres lot

$N/A/sqft

No HOA

More details about the property

Charming and comfortable, this 1 bedroom, 1 bath home sits on 3 acres near Osborne Park and Henry Community Health. Originally a 2 bedroom, the layout offers flexibility-just add a wall to convert it back! Enjoy the enclosed porch, covered deck, and the convenience of a 1 car carport and two storage sheds. Located near Wilbur Wright Elementary and The Ted Fitzgerald Walking Trail, this home offers cozy living in a scenic setting with easy access to local amenities.