3721 E State Road 38, New Castle, IN, 47362 | $60/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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3721 E State Road 38, New Castle, IN, 47362 | $60/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 3721 E State Road 38, New Castle, IN, 47362 listed at $249,900 pairs $1,560/mo rent with a $1,223/mo payment to leave $60/mo cash flow. Total monthly income runs $1,560/mo, and annual cash flow reaches $720/yr on $82,842 cash to close. Return on cash invested measures 20.78% in year one, and rental yield registers 7.49% at a $249,900 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,043 by year five. Five-year ROI tracks 107.33% and total cumulative return in cash totals $88,910. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,560/mo property income relative to a $1,223/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1958

1.23 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this inviting 4-bedroom, 1.5-bath home offering 1,620 sq ft of comfortable living on a generous 1.23-acre corner lot. Enter into a large living room that flows naturally to an open, updated kitchen with a tile backsplash, ample cabinet space, and wonderful natural light. Straight through the living room, french doors open to an enclosed porch that overlooks the large, fenced backyard - complete with a patio, paver firepit and storage shed, perfect for gatherings and outdoor play. Back inside, opposite the main living area are four bedrooms, highlighted by a spacious primary bedroom with double closets. The full bathroom features a double-sink vanity and a large linen closet. Off the kitchen area you'll find a convenient half bath, a laundry area, and access to the attached one-car garage and the basement. The basement includes a finished room that makes an ideal rec room, home theater, or play space. Curb appeal, ample parking, large yard, bedroom and storage space, make this home stand out on the market.