116 S Range St, Newtown, IN, 47969 | $188/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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116 S Range St, Newtown, IN, 47969 | $188/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 Newtown at 116 S Range St, Newtown, IN, 47969 uses $39,449 cash to close to unlock $2,257/yr annual cash flow and $188/mo monthly cash flow. Total monthly income runs $902/mo, and a $582/mo payment keeps the spread at $188/mo. Purchase price stands at $119,000, and rental yield measures 9.1% with $902/mo rent. Return on cash invested shows 25.63% in year one, and 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 133.4% and total cumulative return in cash records $52,625. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $902/mo property income covering a $582/mo payment rather than investor’s personal income.

Single Family

Built in 1900

10,693 sqft lot

$N/A/sqft

No HOA

More details about the property

This 4-bedroom, 2.5-bath home in Newtown offers great potential for the right buyer. The property needs some TLC and updates but features a spacious layout with plenty of room to customize and make it your own. Situated on a nice lot in a quiet small-town setting, this home is a great opportunity for investors or first time home buyers.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47969, Newtown, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	79 (100%)
Owner Occupied HU	60 (75.9%)
Renter Occupied HU	7 ( 8.9%)
Vacant Housing Units	12 (15.2%)
Median Home Value	$251,613
Average Home Value	$196,917