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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 4055 Ridgetop Ct, Newburgh, IN, 47630 priced at $340,000 pairs $2,340/mo rent with $293/mo cash flow after a $1,664/mo payment. Total monthly income equals $2,340/mo, and annual cash flow comes to $3,515/yr on $112,710 invested. Return on cash invested is 23.03% in year one, and rental yield stands at 8.26% on a $340,000 basis. Equity gained on principal adds $2,194/yr, and 5% annual appreciation accumulates to $93,936 by year five. Five-year ROI measures 119.33% and total cumulative return in cash reaches $134,502. For financing, Ziffy Mortgage’s DSCR program evaluates $2,340/mo property income against a $1,664/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1988
10,454 sqft lot
$N/A/sqft
$75 annually 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 |
|---|---|---|
| 2025-04-08 | Listed for sale | $340,000 |
| 2017-10-30 | Sold | $174,000 |
| 2017-09-07 | Price change | $174,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-08 | $1915.56 | 8.90% | $261,400 | 1.08% |
| 2023-04-08 | $1759.00 | 18.49% | $258,600 | 10.70% |
| 2022-04-08 | $1484.56 | 7.73% | $233,600 | 19.98% |
What's Special
Pull Down Stairs
Listed by: Sharon McIntosh • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511768
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.
