3090 Limestone CtNewburghIN47630
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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
Investment Highlights
Investment property for sale in Newburgh at 3090 Limestone Ct, Newburgh, IN, 47630 offers a 10.27% rental yield on a $344,700 purchase with $2,951/mo rent. Total monthly income registers $2,951/mo, and a $1,687/mo payment leaves $882/mo available for distribution. Annual cash flow reaches $10,583/yr on $114,268 to close, and return on cash invested stands at 29.17% in year one. Equity gained on principal adds $2,224/yr while 5% annual appreciation supports $95,234 over five years. Portfolio math shows five-year ROI at 152.25% and total cumulative return in cash at $173,970. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,951/mo property income against a $1,687/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2017
0.29 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
16,355
Single Family
16,047
Multi-Family
308
Businesses
675
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