1722 W New Hope Rd, Boonville, IN, 47601 | 5.32% Rental Yield

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Price: $300K - 500K

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1722 W New Hope Rd, Boonville, IN, 47601 | 5.32% 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 Boonville at 1722 W New Hope Rd, Boonville, IN, 47601 offers a 5.32% rental yield on a $539,500 purchase with $2,393/mo rent. 34% in year one. Equity gained on principal adds $3,481/yr while 5% annual appreciation supports $149,054 over five years. Portfolio math shows five-year ROI at 72.73% and total cumulative return in cash at $129,085. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,393/mo property income against a $2,641/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1992

5 Acres lot

$N/A/sqft

No HOA

More details about the property

Discover your dream home on 5 stunning acres just south of Boonville! This beautifully remodeled 3-bedroom, 2-bathroom oasis boasts nearly 1800 square feet of modern living space, featuring a gourmet kitchen and a dedicated office for all your work-from-home needs. Relax in the outdoors from the large covered front porch or the expansive, covered back deck while enjoying this unique property, complete with a gazebo overlooking a beautiful pond. With two outbuildings, a shooting range, and wooded walking trails, adventure awaits right in your backyard, and there is wildlife galore! But wait, there is MORE! The detached guest house, with attached garage, offers 840 square feet of updated living spaceperfect for visitors, in-laws, or even an Airbnb opportunity! This property is a must-see! It is your perfect little slice of heaven.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47601, Boonville, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,063 (100%)
Owner Occupied HU	4,644 (76.6%)
Renter Occupied HU	1,004 (16.6%)
Vacant Housing Units	415 ( 6.8%)
Median Home Value	$231,570
Average Home Value	$282,098