708 N Fairoaks Dr, New Castle, IN, 47362 | $95/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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708 N Fairoaks Dr, New Castle, IN, 47362 | $95/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 N Fairoaks Dr, New Castle, IN, 47362 earns $95/mo cash flow from $1,535/mo rent with a $1,174/mo payment. Total monthly income totals $1,535/mo, and annual cash flow totals $1,141/yr on $79,527 capital. ROI tracks 21.34% on current figures, and rental yield reads 7.68% at a $239,900 purchase. Equity gained on principal adds $1,548/yr, and 5% annual appreciation supports $66,280 over five years. Five-year ROI reaches 110.34% and total cumulative return in cash sums $87,751. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,535/mo property income instead of your personal income.

Single Family

Built in 1963

0.43 Acres lot

$N/A/sqft

No HOA

More details about the property

Move right into this beautifully well maintained 3 bed, 2 full bath brick ranch in Riley School District. Living and dining rooms include recessed lighting and plenty of natural light. Private master suite. Kitchen includes all appliances. Reverse osmosis system. Enclosed porches in front and back of the home can serve a variety of purposes. Attached 2 car garage includes laundry area, with washer and dryer included in the sale. Outdoor features include a fully fenced, spacious backyard with playset included, and covered patio. All that is needed here is your personal touch!