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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 3033 N Lake Ct, Newburgh, IN, 47630 priced at $550,000 converts $2,036/mo rent into after a $2,692/mo obligation. Total monthly income equals $2,036/mo. Return on cash invested prints 11.67% in year one, and rental yield reads 4.44% against a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation compiles into $151,955 by year five. Five-year ROI reaches 58.37% and total cumulative return in cash sums $105,622. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,036/mo property income covering a $2,692/mo payment, not borrower’s personal income.
Single Family
Built in 1994
0.49 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 |
|---|---|---|
| 2025-03-31 | Listed for sale | $550,000 |
| 2015-05-20 | Sold | $353,000 |
| 2012-09-21 | Sold | $314,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-31 | $3322.04 | -0.82% | $429,500 | 2.48% |
| 2023-03-31 | $3349.34 | 11.47% | $419,100 | 4.28% |
| 2022-03-31 | $3004.68 | 6.81% | $401,900 | 17.62% |
What's Special
Walk-up
Listed by: Terri McCoy • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510354
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.
