3806 S State Road 3, New Castle, IN, 47362 | 4.37% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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3806 S State Road 3, New Castle, IN, 47362 | 4.37% Rental Yield | 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 3806 S State Road 3, New Castle, IN, 47362 earns from $1,590/mo rent with a $2,138/mo payment. Total monthly income totals $1,590/mo. ROI tracks 11.36% on current figures, and rental yield reads 4.37% at a $436,900 purchase. Equity gained on principal adds $2,819/yr, and 5% annual appreciation supports $120,707 over five years. Five-year ROI reaches 56.74% and total cumulative return in cash sums $82,173. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,590/mo property income instead of your personal income.

Single Family

Built in 1936

2.09 Acres lot

$N/A/sqft

No HOA

More details about the property

Updated Farmhouse on 2+ Acres!!! Opportunity awaits at this prime Mixed Use property located on State Road 3, just 2.5 miles south of I-70 and 50 minutes from Indianapolis. This versatile property features a well-equipped auto shop with three bays, a car lift, and excellent road frontage, perfect for attracting business. Included is a beautifully renovated 2,196 sq. ft. farmhouse offering a blend of modern comforts and rustic charm. The home boasts an attached four-car garage, providing ample storage and convenience. Additionally, the property includes a horse barn with 5 stalls, a tack room, and an inground pool, all set on 2.09 acres. This unique property combines residential comfort with commercial potential, making it an ideal investment for those seeking a multi-use space in a strategic location. Don't miss this chance to own a property that offers both a renovated farm house and a business opportunity.