385 E 2nd StNewberryIN47449
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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
Investment Highlights
Investment property for sale in Newberry at 385 E 2nd St, Newberry, IN, 47449 uses $38,089 cash to close to unlock $2,384/yr annual cash flow and $199/mo monthly cash flow. Total monthly income runs $888/mo, and a $562/mo payment keeps the spread at $199/mo. Purchase price stands at $114,900, and rental yield measures 9.27% with $888/mo rent. Return on cash invested shows 26.17% in year one, and 5% annual appreciation builds toward $31,745 over five years. Five-year ROI reaches 136.2% and total cumulative return in cash records $51,878. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $888/mo property income covering a $562/mo payment rather than investor’s personal income.
Single Family
Built in 1914
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47449, Newberry, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 259 (100%) |
| Owner Occupied HU | 190 (73.4%) |
| Renter Occupied HU | 22 ( 8.5%) |
| Vacant Housing Units | 47 (18.1%) |
| Median Home Value | $216,197 |
| Average Home Value | $232,829 |
Housing Distribution
Address Breakdown
Residential
193
Single Family
193
Multi-Family
0
Businesses
16
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