385 E 2nd St, Newberry, IN, 47449 | $199/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

385 E 2nd St, Newberry, IN, 47449 | $199/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
1 Bath
1178 sft

411 NW 2nd St, Washington, IN, 47501

3 Bed
1 Bath
1186 sft

407 E Hefron St, Washington, IN, 47501

1 Bed
1 Bath
1152 sft

927 Bloomfield Rd, Plainville, IN, 47568

2 Bed
1 Bath
1000 sft

408 John St, Washington, IN, 47501

Nearby investment properties with comparable prices

3 Bed
1 Bath
1178 sft

411 NW 2nd St, Washington, IN, 47501

$ 114,900

ROI

Cash Flow/m

2 Bed
1 Bath
768 sft

7372 & 7392 N Pine Bluff Rd, Bicknell, IN, 47512

2 Bed
1 Bath
960 sft

318 W 10th St, Bicknell, IN, 47512

Investment Property+ 1 more

5 Bed
2 Bath
2596 sft

208 E Maple St, Washington, IN, 47501

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

Explore more listings using simple english

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

More details about the property

Looking for a little peace and quiet? This 3-bedroom, 1-bath home sits on approximately 1 acre and offers the perfect retreat from the hustle and bustle. Cozy up on cool evenings in front of the inviting living room fireplace. The open-concept kitchen and dining area provide an ideal space for entertaining, featuring ample cabinet and counter space along with appliances that have been updated in recent years. Love the outdoors? Step out onto the spacious back deckperfect for sipping your morning coffee or tea while soaking in the tranquil views. Dont miss this opportunity to enjoy comfort, space, and serenity all in one place!

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