3106 Dowgate Dr LOT 75NewburghIN47630
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Newburgh at 3106 Dowgate Dr LOT 75, Newburgh, IN, 47630 generates $3,397/mo in rent and, after a $2,120/mo payment, leaves $797/mo in cash flow. Total monthly income is $3,397/mo, and annual cash flow is $9,562/yr on $143,606 invested. Return on cash invested sits at 26.57% in year one, and rental yield is 9.41% on a $433,200 entry. Equity gained on principal adds $2,795/yr, while 5% annual appreciation builds toward $119,685 over five years. Five-year ROI reaches 138.29% and total cumulative return in cash sums $198,599. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,397/mo property income rather than buyer’s personal income.
Home Type Unknown
Built in N/A
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices