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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 5502 Hillside Trl, Newburgh, IN, 47630 offers a 10.67% rental yield on a $453,000 purchase with $4,028/mo rent. Total monthly income registers $4,028/mo, and a $2,217/mo payment leaves $1,309/mo available for distribution. Annual cash flow reaches $15,707/yr on $150,170 to close, and return on cash invested stands at 30.37% in year one. Equity gained on principal adds $2,923/yr while 5% annual appreciation supports $125,156 over five years. Portfolio math shows five-year ROI at 158.68% and total cumulative return in cash at $238,284. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,028/mo property income against a $2,217/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.41 Acres 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 |
|---|---|---|
| 2024-12-18 | Sold | $453,000 |
| 2024-11-30 | Pending sale | $469,950 |
| 2024-10-27 | Price change | $469,950 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-23 | $17.85 | 1.94% | $1,200 | N/A |
| 2023-10-23 | $17.51 | N/A | $1,200 | N/A |
| 2022-10-23 | N/A | N/A | $1,200 | N/A |
Listed by: Tim D Mason • RE/MAX REVOLUTION
Mls Name: IRMLS
Mls Provider:
Mls ID: #202419550
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.
