8248 S Sagemore DrNewberryIN47449
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
Investment Highlights
Rental property for sale in Newberry at 8248 S Sagemore Dr, Newberry, IN, 47449 offers $1,952/mo rent that, after a $1,476/mo payment, leaves $142/mo cash flow. Total monthly income is $1,952/mo, and annual cash flow is $1,702/yr on $99,937 cash. Return on cash invested measures 21.61% in year one, and rental yield stands at 7.77% at a $301,470 entry. Equity gained on principal adds $1,945/yr while 5% annual appreciation compounds into $83,291 by year five. Five-year ROI records 111.72% and total cumulative return in cash reaches $111,653. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,952/mo property income versus a $1,476/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
0.32 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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Listed by: Holland Nightenhelser • Jason Millican Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202328125
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.