784 Suzanne Ct, New Castle, IN, 47362 | 5.17% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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784 Suzanne Ct, New Castle, IN, 47362 | 5.17% Rental Yield | 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

Rental property for sale in New Castle at 784 Suzanne Ct, New Castle, IN, 47362 generates $1,590/mo in rent, after a $1,806/mo payment. Total monthly income is $1,590/mo. Return on cash invested sits at 13.78% in year one, and rental yield is 5.17% on a $369,000 entry. Equity gained on principal adds $2,381/yr, while 5% annual appreciation builds toward $101,948 over five years. Five-year ROI reaches 69.76% and total cumulative return in cash sums $85,335. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,590/mo property income rather than buyer’s personal income.

Single Family

Built in 1981

1.33 Acres lot

$N/A/sqft

No HOA

More details about the property

This ranch home rests on a 1.3 acre parcel that feels like a private backyard garden. The landscape shows attention to detail, with mature trees, flower beds, and plenty of open area. The home offers 3 bedroom, 2 full bath, and 2,317 SF of living space. Vaulted ceilings, wood burning fireplace, and custom built-ins all add to the character of the home. The updated kitchen includes stainless appliances, tile backsplash, and breakfast bar for extra seating. French doors lead to a large sunroom that has vaulted ceilings and is lined with windows for plenty of natural light. The bookshelf lined staircase leads down to an 20' x 9' basement that offers an exceptional amount of storage space or storm shelter. The primary suite offers views of the deck and yard, a stand-up shower, jetted tub, and walk in closet. Abundant shelving in the main-level laundry provides plenty of organization options. The spacious deck and fully fenced back yard offers a peaceful place to relax and garden.