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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% |
Investment property for sale in Newburgh at 2833 Megan Dr, Newburgh, IN, 47630 earns $385/mo cash flow from $3,116/mo rent with a $2,227/mo payment. Total monthly income totals $3,116/mo, and annual cash flow totals $4,617/yr on $150,833 capital. ROI tracks 22.97% on current figures, and rental yield reads 8.22% at a $455,000 purchase. Equity gained on principal adds $2,936/yr, and 5% annual appreciation supports $125,708 over five years. Five-year ROI reaches 119.01% and total cumulative return in cash sums $179,512. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,116/mo property income instead of your personal income.
Single Family
Built in 2006
0.28 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-10-15 | Sold | $455,000 |
| 2025-09-18 | Pending sale | $450,000 |
| 2025-09-16 | Listed for sale | $450,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-19 | $2434.86 | -3.67% | $327,600 | 1.36% |
| 2023-10-19 | $2527.64 | 4.15% | $323,200 | 7.09% |
| 2022-10-19 | $2426.90 | 1.24% | $301,800 | 13.89% |
What's Special
Pull Down Stairs,Storage
Listed by: Shaun Angel • RE/MAX REVOLUTION
Mls Name: IRMLS
Mls Provider:
Mls ID: #202537420
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.
