9223 E State Road 38, New Castle, IN, 47362 | $641/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 9223 E State Road 38, New Castle, IN, 47362 earns $641/mo cash flow from $2,196/mo rent with a $1,268/mo payment. Total monthly income totals $2,196/mo, and annual cash flow totals $7,691/yr on $85,859 capital. ROI tracks 28.87% on current figures, and rental yield reads 10.17% at a $259,000 purchase. Equity gained on principal adds $1,671/yr, and 5% annual appreciation supports $71,557 over five years. Five-year ROI reaches 150.63% and total cumulative return in cash sums $129,328. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,196/mo property income instead of your personal income.

Single Family

Built in 1900

5.56 Acres lot

$N/A/sqft

No HOA