466 Wittenbraker DrNew CastleIN47362
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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
Investment Highlights
Investment property for sale in New Castle at 466 Wittenbraker Dr, New Castle, IN, 47362 uses $134,258 cash to close to unlock $8,953/yr annual cash flow and $746/mo monthly cash flow. Total monthly income runs $3,437/mo, and a $1,982/mo payment keeps the spread at $746/mo. Purchase price stands at $405,000, and rental yield measures 10.18% with $3,437/mo rent. Return on cash invested shows 26.58% in year one, and 5% annual appreciation builds toward $111,894 over five years. Five-year ROI reaches 139.23% and total cumulative return in cash records $186,926. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,437/mo property income covering a $1,982/mo payment rather than investor’s personal income.
Condo
Built in 2023
31.58 Acres lot
$N/A/sqft
$260 monthly HOA
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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)