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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 5566 Grimm Rd, Newburgh, IN, 47630 offers a 8.1% rental yield on a $344,900 purchase with $2,328/mo rent. Total monthly income registers $2,328/mo, and a $1,688/mo payment leaves $258/mo available for distribution. Annual cash flow reaches $3,093/yr on $114,334 to close, and return on cash invested stands at 22.61% in year one. Equity gained on principal adds $2,226/yr while 5% annual appreciation supports $95,290 over five years. Portfolio math shows five-year ROI at 117.1% and total cumulative return in cash at $133,881. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,328/mo property income against a $1,688/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
0.49 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 |
|---|---|---|
| 2025-09-12 | Price change | $344,900 |
| 2025-09-04 | Price change | $343,000 |
| 2025-08-04 | Listed for sale | $370,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-14 | $2072.36 | 45.36% | $311,300 | 2.57% |
| 2023-09-14 | $1425.72 | 2.00% | $303,500 | 14.40% |
| 2022-09-14 | $1397.76 | 2.00% | $265,300 | 25.02% |
What's Special
Storage
Listed by: Janice E Miller • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202536864
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.
