703 Broad St, New Castle, IN, 47362 | $616/mo Cash Flow

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 703 Broad St, New Castle, IN, 47362 earns $616/mo cash flow from $1,636/mo rent with a $832/mo payment. Total monthly income totals $1,636/mo, and annual cash flow totals $7,387/yr on $56,355 capital. ROI tracks 33.02% on current figures, and rental yield reads 11.55% at a $170,000 purchase. Equity gained on principal adds $1,097/yr, and 5% annual appreciation supports $46,968 over five years. Five-year ROI reaches 172.92% and total cumulative return in cash sums $97,449. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,636/mo property income instead of your personal income.

Single Family

Built in 1900

6,969 sqft lot

$N/A/sqft

No HOA