900 Jeanette Ln, New Castle, IN, 47362 | 6.81% Rental Yield

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900 Jeanette Ln, New Castle, IN, 47362 | 6.81% Rental Yield | Ziffy

Pending

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 900 Jeanette Ln, New Castle, IN, 47362 offers $1,560/mo rent that, after a $1,346/mo payment. Total monthly income is $1,560/mo. Return on cash invested measures 18.71% in year one, and rental yield stands at 6.81% at a $275,000 entry. Equity gained on principal adds $1,775/yr while 5% annual appreciation compounds into $75,977 by year five. Five-year ROI records 96.24% and total cumulative return in cash reaches $87,731. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,560/mo property income versus a $1,346/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1997

0.68 Acres lot

$N/A/sqft

No HOA

More details about the property

Beautiful home nestled on a private, over half acre lot in a sought after neighborhood.This beautiful four-bedroom, two-and-a-half-bathroom home features a thoughtfully designed open floor plan that effortlessly connects the large living room, dining area, and kitchen-perfect for both everyday living and entertaining.The kitchen features granite countertops and includes all appliances. The main floor also includes a well sized master bedroom complete with an en suite bathroom and a walk-in closet. Two additional bedrooms, a full bathroom, and a laundry room are conveniently located on the main level. The finished basement expands your living space with a cozy family room, an additional bedroom, a half bathroom, and direct access to the garage, combining functionality with versatility. The back yard features a deck, ample parking, and even a small treehouse. The attached garage includes plenty of storage room in addition to parking for your vehicles. This is a wonderful home in an amazing location!