926 I Ave, New Castle, IN, 47362 | $311/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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926 I Ave, New Castle, IN, 47362 | $311/mo Cash Flow | 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 926 I Ave, New Castle, IN, 47362 offers a 10.32% rental yield on a $119,900 purchase with $1,031/mo rent. Total monthly income registers $1,031/mo, and a $587/mo payment leaves $311/mo available for distribution. Annual cash flow reaches $3,733/yr on $39,747 to close, and return on cash invested stands at 29.3% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,126 over five years. Portfolio math shows five-year ROI at 153.07% and total cumulative return in cash at $60,840. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,031/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1950

5,793 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 926 I Ave - With a convenient location, this 2 bedroom/1 Full bath, this home has been recently updated, including new flooring, paint, doors, ceiling fans and a new roof this year. The bathroom has been nicely updated as well. This home has a basement with a garage, along with extra basement storage. The brand-new refrigerator and stove remain with the sale along with the washer and dryer that are present. Spacious eat in kitchen with great built-ins. Round this out with the cute front porch, a nice spot to relax in the spring, summer, and fall. There is a fenced back yard. This home is turn-key and ready for its new owner.