9095 E State Road 38, New Castle, IN, 47362 | 4.97% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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9095 E State Road 38, New Castle, IN, 47362 | 4.97% 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

Investment property for sale in New Castle at 9095 E State Road 38, New Castle, IN, 47362 earns from $659/mo rent with a $778/mo payment. Total monthly income totals $659/mo. ROI tracks 13.19% on current figures, and rental yield reads 4.97% at a $159,000 purchase. Equity gained on principal adds $1,026/yr, and 5% annual appreciation supports $43,929 over five years. Five-year ROI reaches 66.57% and total cumulative return in cash sums $35,088. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $659/mo property income instead of your personal income.

Single Family

Built in 1900

0.26 Acres lot

$N/A/sqft

No HOA

More details about the property

Completely Remodeled * Modern & Efficient * Move-In Ready Welcome to this beautifully rebuilt-from-the-foundation-up home, offering the feel of brand-new construction with thoughtful design throughout. Step inside to expansive open spaces filled with natural light, perfect for both everyday living and entertaining. Every major system has been replaced, including a new furnace, air conditioning unit, and water heater. The home is fully electric and impressively energy-efficient, giving you modern comfort with lower utility costs. The stunning new kitchen features all-new appliances, which remain with the home. With the right offer, brand-new furniture can also be included-making your move seamless and stress-free. The large garage leaves plenty of potential to add an additional bedroom. If you're looking for a fresh, modern home that's truly turnkey, this one is a must-see.