3708 S Spiceland Rd, New Castle, IN, 47362 | $191/mo Cash Flow

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3708 S Spiceland Rd, New Castle, IN, 47362 | $191/mo Cash Flow | Ziffy

For Sale

Airbnb Potential

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 3708 S Spiceland Rd, New Castle, IN, 47362 earns $191/mo cash flow from $1,211/mo rent with a $832/mo payment. Total monthly income totals $1,211/mo, and annual cash flow totals $2,288/yr on $56,322 capital. ROI tracks 23.97% on current figures, and rental yield reads 8.55% at a $169,900 purchase. Equity gained on principal adds $1,096/yr, and 5% annual appreciation supports $46,940 over five years. Five-year ROI reaches 124.41% and total cumulative return in cash sums $70,070. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,211/mo property income instead of your personal income.

Single Family

Built in 1957

4.66 Acres lot

$N/A/sqft

No HOA

More details about the property

If you love peaceful mornings, glowing sunsets, fishing in your own pond, and the privacy of a wooded retreatall while being just minutes from townthis property is for you. Nestled on close to 5 mostly wooded acres in the Westwood area, this one-story home offers a rare blend of seclusion and convenience, with quick access to the I-70 interchange. Inside, youll find 2 bedrooms, a spacious living room, and two additional flex rooms the previous owner used as bedroomsperfect for an office, playroom, hobby space, or guest room. The home also features an eat-in kitchen, a large living area, and a coal stove for optional backup heat. Outside, the property shines with its scenic pond, mature trees, and a barn ideal for storage or animals. A generous carport provides additional covered parking. The home is clean, livable, and ready for your updates, and should qualify for most types of financing. Whether youre looking for a quiet homestead, a weekend getaway, or a place to spread out and enjoy nature, this property offers endless potential.