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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% |
Investment property for sale in Newburgh at 421 E Gray St, Newburgh, IN, 47630 uses $56,355 cash to close to unlock $24,331/yr annual cash flow and $2,028/mo monthly cash flow. Total monthly income runs $3,048/mo, and a $832/mo payment keeps the spread at $2,028/mo. Purchase price stands at $170,000, and rental yield measures 21.52% with $3,048/mo rent. Return on cash invested shows 63.08% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 334.16% and total cumulative return in cash records $188,313. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,048/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1860
7,405 sqft 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 |
|---|---|---|
| 2025-09-30 | Sold | $170,000 |
| 2025-09-13 | Pending sale | $164,900 |
| 2025-09-12 | Listed for sale | $164,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-12 | $939.48 | 20.23% | $144,000 | -21.91% |
| 2023-10-12 | $781.40 | 41.81% | $184,400 | 53.67% |
| 2022-10-12 | $551.00 | -7.81% | $120,000 | 25.00% |
What's Special
Walk-up
Listed by: Johnna M Hancock-Blake • Berkshire Hathaway HomeServices Indiana Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202536611
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.
