8784 E State Road 38, New Castle, IN, 47362 | 4.24% Rental Yield

For Sale

Listed for sale 6 days ago

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 8784 E State Road 38, New Castle, IN, 47362 offers a 4.24% rental yield on a $536,775 purchase with $1,896/mo rent. 05% in year one. Equity gained on principal adds $3,464/yr while 5% annual appreciation supports $148,301 over five years. Portfolio math shows five-year ROI at 55.08% and total cumulative return in cash at $97,270. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,896/mo property income against a $2,627/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in N/A

63.15 Acres lot

$N/A/sqft

No HOA