1711 Old Plank RdNewburghIN47630
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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 Newburgh at 1711 Old Plank Rd, Newburgh, IN, 47630 at $620,000 posts ROI 27.52% with $1,268/mo cash flow from $4,990/mo rent. Total monthly income equals $4,990/mo, and annual cash flow records $15,214/yr on $203,980 to close. Return on cash invested measures 27.52% and rental yield reads 9.66% at the current $620,000. Equity gained on principal adds $4,001/yr, and 5% annual appreciation supports $171,295 by year five. Five-year ROI prints 143.37% and total cumulative return in cash totals $292,443.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,990/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1964
1.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47630, Newburgh, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,362 (100%) |
| Owner Occupied HU | 12,157 (74.3%) |
| Renter Occupied HU | 3,410 (20.8%) |
| Vacant Housing Units | 795 ( 4.9%) |
| Median Home Value | $296,151 |
| Average Home Value | $354,173 |
Housing Distribution
Address Breakdown
Residential
16,355
Single Family
16,047
Multi-Family
308
Businesses
675
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