8975 E State Road 38, New Castle, IN, 47362 | $103/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 8975 E State Road 38, New Castle, IN, 47362 uses $49,692 cash to close to unlock $1,234/yr annual cash flow and $103/mo monthly cash flow. Total monthly income runs $1,003/mo, and a $734/mo payment keeps the spread at $103/mo. Purchase price stands at $149,900, and rental yield measures 8.03% with $1,003/mo rent. Return on cash invested shows 22.39% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 115.91% and total cumulative return in cash records $57,599. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,003/mo property income covering a $734/mo payment rather than investor’s personal income.

Single Family

Built in 1900

3.19 Acres lot

$N/A/sqft

No HOA