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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Newburgh at 2311 Crosswalk Ln, Newburgh, IN, 47630 priced at $379,900 converts $2,443/mo rent into $117/mo cash flow after a $1,859/mo obligation. Total monthly income equals $2,443/mo, and annual cash flow totals $1,405/yr on $125,937 invested. Return on cash invested prints 21.02% in year one, and rental yield reads 7.72% against a $379,900 entry. Equity gained on principal adds $2,451/yr, while 5% annual appreciation compiles into $104,959 by year five. Five-year ROI reaches 108.77% and total cumulative return in cash sums $136,985. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,443/mo property income covering a $1,859/mo payment, not borrower’s personal income.
Single Family
Built in 2002
0.31 Acres lot
$N/A/sqft
$550 annually HOA
Neighborhood data shown for ZIP Code: 47630, Newburgh, IN area.
| 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 |
Residential
16,355
Single Family
16,047
Multi-Family
308
Businesses
675
Date | Event | Price |
|---|---|---|
| 2025-04-16 | Listed for sale | $379,900 |
| 2011-05-17 | Sold | $150,000 |
| 2011-04-19 | Pending sale | $164,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-17 | $2074.44 | -5.29% | $327,700 | 16.87% |
| 2023-04-17 | $2190.40 | 21.43% | $280,400 | -0.07% |
| 2022-04-17 | $1803.80 | 7.20% | $280,600 | 24.21% |
Listed by: Danielle Clark • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512977
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.
