949 Hickory Ln, New Castle, IN, 47362 | 6.06% Rental Yield

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Monthly Cash Flow: 1 - 3k+

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949 Hickory Ln, New Castle, IN, 47362 | 6.06% 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 949 Hickory Ln, New Castle, IN, 47362 listed at $315,000 pairs $1,590/mo rent with a $1,542/mo payment. Total monthly income runs $1,590/mo. Return on cash invested measures 16.45% in year one, and rental yield registers 6.06% at a $315,000 basis. Equity gained on principal adds $2,033/yr, and annual property appreciation at 5% supports $87,029 by year five. Five-year ROI tracks 84.04% and total cumulative return in cash totals $87,761. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,590/mo property income relative to a $1,542/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1979

0.34 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 949 Hickory Lane, a beautifully updated brick ranch offering comfort, modern style, and easy living in the quiet New Castle neighborhood of Riley Estates. This inviting 3-bedroom, 2-bath home spans 1,878 square feet and sits on a 0.34-acre lot that has been recently reseeded for a fresh, lush lawn. Step inside to find a spacious and thoughtfully designed layout featuring two comfortable living areas - a cozy family room anchored by a wood-burning fireplace and a separate living room perfect for entertaining or relaxing. The entire home has been refreshed with luxury vinyl plank flooring, new paint throughout, and updated light fixtures and ceiling fans, creating a clean and cohesive modern look. The remodeled kitchen is a standout, featuring new cabinetry, stone countertops, and stainless steel appliances, including a double oven, microwave, refrigerator, and dishwasher. New lighting adds warmth and style, while the open design makes the space both functional and inviting. A new water softener is also included for added convenience. Both bathrooms have been completely renovated, offering new cabinets, solid-surface counters, and updated flooring. The primary suite boasts a beautifully tiled walk-in shower, creating a private spa-like retreat. Enjoy the changing seasons in the bright three-season sunroom, ideal for morning coffee or evening relaxation. Step outside to the spacious backyard-freshly seeded and ready for your landscaping ideas or outdoor gatherings. Additional features include an attached two-car garage and washer and dryer that remain with the home. With its combination of tasteful updates, quality materials, and move-in-ready condition, this home offers modern comfort and timeless appeal. 949 Hickory Lane is the perfect blend of style, function, and warmth-ready to welcome its next owner home.