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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 4539 Prescot Dr, Newburgh, IN, 47630 generates $3,846/mo in rent and, after a $2,335/mo payment, leaves $953/mo in cash flow. Total monthly income is $3,846/mo, and annual cash flow is $11,438/yr on $158,126 invested. Return on cash invested sits at 27.14% in year one, and rental yield is 9.68% on a $477,000 entry. Equity gained on principal adds $3,078/yr, while 5% annual appreciation builds toward $131,786 over five years. Five-year ROI reaches 141.49% and total cumulative return in cash sums $223,727. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,846/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
0.28 Acres lot
$N/A/sqft
$350 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 |
|---|---|---|
| 2024-12-02 | Sold | $477,000 |
| 2024-10-29 | Pending sale | $479,000 |
| 2024-10-23 | Price change | $479,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-23 | $3157.20 | 4.80% | $417,400 | 4.06% |
| 2023-10-23 | $3012.56 | 20.57% | $401,100 | 9.20% |
| 2022-10-23 | $2498.56 | 6.35% | $367,300 | 25.02% |
What's Special
Storage
Listed by: Penny Crick • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202439656
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.
