313 S 7th St, New Castle, IN, 47362 | $239/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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313 S 7th St, New Castle, IN, 47362 | $239/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 313 S 7th St, New Castle, IN, 47362 uses $72,930 cash to close to unlock $2,870/yr annual cash flow and $239/mo monthly cash flow. Total monthly income runs $1,560/mo, and a $1,077/mo payment keeps the spread at $239/mo. Purchase price stands at $220,000, and rental yield measures 8.51% with $1,560/mo rent. Return on cash invested shows 23.84% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 123.77% and total cumulative return in cash records $90,263. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,560/mo property income covering a $1,077/mo payment rather than investor’s personal income.

Single Family

Built in 1923

5,662 sqft lot

$N/A/sqft

No HOA

More details about the property

Beautifully updated 4 bedroom, 2.5 bath home offering a spacious layout and modern touches. The large, updated kitchen includes all appliances and features ample cabinet and counter space. The home features a desirable main-level primary suite along with main-level laundry for added ease. The living area is generously sized! Upstairs, you'll find additional bedrooms and a full bath, providing great separation of space. This home also features a new water filtration system, adding value and peace of mind. The fully privacy-fenced backyard includes a deck with remaining awning-from the covered front porch to the back deck it is ideal for outdoor enjoyment. Off-street gravel parking is located on the side of home.