3108 Brown St, New Castle, IN, 47362 | $337/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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3108 Brown St, New Castle, IN, 47362 | $337/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 3108 Brown St, New Castle, IN, 47362 uses $58,013 cash to close to unlock $4,044/yr annual cash flow and $337/mo monthly cash flow. Total monthly income runs $1,388/mo, and a $857/mo payment keeps the spread at $337/mo. Purchase price stands at $175,000, and rental yield measures 9.52% with $1,388/mo rent. Return on cash invested shows 26.88% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 140.09% and total cumulative return in cash records $81,271. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,388/mo property income covering a $857/mo payment rather than investor’s personal income.

Single Family

Built in 1964

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

Just outside of New Castle, this wonderful 2500+ sq ft home features recent updates & large bedrooms at an affordable price! Excellent layout containing 4 bedrooms with an additional room upstairs that could function as an office or a 5th bedroom. ADA accessible with an outside ramp & main floor bedroom suites. Two bedrooms are on the main floor -- one has a private full bathroom & the other a private half bath. New flooring and paint throughout. Updated kitchen & large living room. The attached garage has plenty of storage space & an attached workshop. The private back deck is perfect for fall evenings!