708 I Ave, New Castle, IN, 47362 | $371/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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708 I Ave, New Castle, IN, 47362 | $371/mo Cash Flow | 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 708 I Ave, New Castle, IN, 47362 at $175,000 posts ROI 27.58% with $371/mo cash flow from $1,422/mo rent. Total monthly income equals $1,422/mo, and annual cash flow records $4,452/yr on $58,013 to close. Return on cash invested measures 27.58% and rental yield reads 9.75% at the current $175,000. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 by year five. Five-year ROI prints 143.86% and total cumulative return in cash totals $83,455.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,422/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1942

0.43 Acres lot

$N/A/sqft

No HOA

More details about the property

Great for a handy person! This property sits on a spacious half acre lot with beautiful mature trees and a cozy front porch. 3 bedrooms, eat-in kitchen with breakfast bar. Living room has a brick wood-burning fireplace which connects to a second fireplace in the basement. Property is close to everything including high school, middle school, elementary school, water park, sports museum, shopping, restaurants, places of worship, and more! Seller requires 1 day showing notice. A Broker must accompany all buyers. ATTENTION BROKER: THE PRIVATE REMARKS SECTION HAS SAFETY INFORMATION THAT YOU NEED TO SHARE WITH YOUR CLIENT(S)!