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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 3013 Paradise Cir, Newburgh, IN, 47630 priced at $295,000 pairs $2,162/mo rent with $391/mo cash flow after a $1,444/mo payment. Total monthly income equals $2,162/mo, and annual cash flow comes to $4,692/yr on $97,793 invested. Return on cash invested is 24.71% in year one, and rental yield stands at 8.79% on a $295,000 basis. Equity gained on principal adds $1,904/yr, and 5% annual appreciation accumulates to $81,503 by year five. Five-year ROI measures 128.38% and total cumulative return in cash reaches $125,546. For financing, Ziffy Mortgage’s DSCR program evaluates $2,162/mo property income against a $1,444/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2013
0.25 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 |
|---|---|---|
| 2021-07-12 | Sold | $247,500 |
| 2021-06-07 | Pending sale | $245,000 |
| 2021-06-06 | Listed for sale | $245,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-30 | $1755.78 | -4.70% | $252,600 | 3.23% |
| 2023-04-30 | $1842.36 | 9.80% | $244,700 | 0.33% |
| 2022-04-30 | $1677.94 | 7.39% | $243,900 | 14.19% |
Listed by: Katelyn Schoettlin • RyBrand Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515081
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.
