632 N 31st St, New Castle, IN, 47362 | $336/mo Cash Flow

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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

Rental property for sale in New Castle at 632 N 31st St, New Castle, IN, 47362 generates $1,110/mo in rent and, after a $631/mo payment, leaves $336/mo in cash flow. Total monthly income is $1,110/mo, and annual cash flow is $4,032/yr on $42,764 invested. Return on cash invested sits at 29.34% in year one, and rental yield is 10.33% on a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 153.3% and total cumulative return in cash sums $65,557. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,110/mo property income rather than buyer’s personal income.

Single Family

Built in 1960

0.29 Acres lot

$N/A/sqft

No HOA