426 W Main StNewburghIN47630
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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 426 W Main St, Newburgh, IN, 47630 earns $3,146/mo cash flow from $4,680/mo rent with a $1,238/mo payment. Total monthly income totals $4,680/mo, and annual cash flow totals $37,751/yr on $83,836 capital. ROI tracks 64.94% on current figures, and rental yield reads 22.21% at a $252,900 purchase. Equity gained on principal adds $1,632/yr, and 5% annual appreciation supports $69,872 over five years. Five-year ROI reaches 344.14% and total cumulative return in cash sums $288,512. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,680/mo property income instead of your personal income.
Single Family
Built in 1860
9,147 sqft 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: Kathy A Borkowski • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202421639
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.