2688 Briarcliff Dr, Newburgh, IN, 47630 | 4.99% Rental Yield

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2688 Briarcliff Dr, Newburgh, IN, 47630 | 4.99% 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

Total monthly income runs $2,704/mo, and a $3,181/mo payment. Purchase price stands at $649,900, and rental yield measures 4.99% with $2,704/mo rent. Return on cash invested shows 13.34% in year one, and 5% annual appreciation builds toward $179,555 over five years. Five-year ROI reaches 67.34% and total cumulative return in cash records $143,994. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,704/mo property income covering a $3,181/mo payment rather than investor’s personal income.

Single Family

Built in 1992

0.87 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully spacious ranch-style home on a full walkout basement, ideally situated on an oversized lot in one of Newburghs most sought-after neighborhoods. Step through the inviting foyer into a formal dining area and open eat-in kitchen featuring updated cabinetry, sleek countertops, and breathtaking views of the serene lakes just beyond the backyard. The expansive living room offers a cozy fireplace and plenty of natural light, making it the perfect place to gather. The main level boasts a generous master suite with a large walk-in shower, two additional bedrooms, a full bath, and a versatile office area. The walkout basement expands your living space with a massive rec roomcomplete with a pool tableplus a fourth bedroom and third full bathroom, offering the ideal setup for guests or multigenerational living. Enjoy outdoor entertaining on the covered patio under the large upper deck, or simply relax and take in the tranquil lake view. With mature landscaping, a sprawling backyard, and access to water, this home offers the perfect balance of comfort and natural beauty. Dont miss your chance to own this rare gem in a prime location!

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