466 Wittenbraker DrNew CastleIN47362
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow466 Wittenbraker Dr, New Castle, IN, 47362 in New Castle earns its strong cash-flow label: 10.18% yield, $3,437/mo rent, $746/mo net income, DSCR 1.89. The $405,000 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $111,894 by year five. Combined with $3,730/yr in principal paydown, total projected return reaches $202,423.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 6.2% |
| Monthly Cash Flow | $746 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $3,437 |
| Total Monthly Debt Service | $2,530 |
| DSCR Ratio | 1.36x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2023
31.58 Acres lot
$N/A/sqft
$260 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2023
31.58 Acres lot
$N/A/sqft
$260 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Susan Falck-Neal • RE/MAX First Integrity
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #21935088
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-21 23:43:19 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)