3607 Cora 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
Rental property for sale in Newburgh at 3607 Cora Ct, Newburgh, IN, 47630 generates $3,100/mo in rent and, after a $1,884/mo payment, leaves $789/mo in cash flow. Total monthly income is $3,100/mo, and annual cash flow is $9,471/yr on $127,628 invested. Return on cash invested sits at 27.33% in year one, and rental yield is 9.66% on a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 142.41% and total cumulative return in cash sums $181,750. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,100/mo property income rather than buyer’s personal income.
Single Family
Built in 2018
0.31 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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Listed by: Debra Dempsey • ERA FIRST ADVANTAGE
Mls Name: HAMLS
Mls Provider:
Mls ID: #250414
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.