7990 S Prestwick DrNewberryIN47449
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow7990 S Prestwick Dr, Newberry, IN, 47449 in Newberry earns its strong cash-flow label: 10.96% yield, $2,009/mo rent, $688/mo net income, DSCR 2.03. The $220,000 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $60,782 by year five. Combined with $2,026/yr in principal paydown, total projected return reaches $127,586.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11% | 5.5% |
| Monthly Cash Flow | $688 | $1,200 |
City averages based on Newberry market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,009 |
| Total Monthly Debt Service | $1,233 |
| DSCR Ratio | 1.63x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2024
2,613 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2024
2,613 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Holland Nightenhelser • Jason Millican Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202420886
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.