1955 Olde Mill Ct, Newburgh, IN, 47630 | 4.35% Rental Yield

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1955 Olde Mill Ct, Newburgh, IN, 47630 | 4.35% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Newburgh at 1955 Olde Mill Ct, Newburgh, IN, 47630 listed at $739,900 pairs $2,683/mo rent with a $3,621/mo payment. Total monthly income runs $2,683/mo. Return on cash invested measures 11.39% in year one, and rental yield registers 4.35% at a $739,900 basis. Equity gained on principal adds $4,774/yr, and annual property appreciation at 5% supports $204,421 by year five. Five-year ROI tracks 56.89% and total cumulative return in cash totals $138,495. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,683/mo property income relative to a $3,621/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2021

0.26 Acres lot

$N/A/sqft

No HOA

More details about the property

This stunning 5 bedroom, 3 bathroom is located in a highly desirable area with top-rated schools. The exquisite master suite on the main floor features bathroom with a sunken tub, a spacious walk in closet and double vanity. The home also includes a dedicated office space , soaring vaulted ceilings, and an open floor plan, making it perfect for both relaxation and entertaining. This impressive 3650 square foot home features a spacious kitchen and living room, perfect for cooking and socializing with family and friends. Step outside to a covered patio where you can enjoy your morning coffee, and take advantage of the pool area ideal for entertaining. The staircase leads to a large storage room that can also serve as a storm shelter. The laundry room offers ample storage and closet space. Upstairs, you'll find four generously sized bedrooms one of which has access to its own patio. Additionally, a huge bonus room offers flexibility as either an extra bedroom or a recreational area. The beautifully landscaped yard provides a private oasis for relaxation and enjoyment, enhancing the overall appeal of this remarkable property. Must see!!

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