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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 6700 Oak View Ct, Newburgh, IN, 47630 generates $2,635/mo in rent and, after a $1,639/mo payment, leaves $625/mo in cash flow. Total monthly income is $2,635/mo, and annual cash flow is $7,498/yr on $111,019 invested. Return on cash invested sits at 26.66% in year one, and rental yield is 9.44% on a $334,900 entry. Equity gained on principal adds $2,161/yr, while 5% annual appreciation builds toward $92,527 over five years. Five-year ROI reaches 138.81% and total cumulative return in cash sums $154,105. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,635/mo property income rather than buyer’s personal income.
Single Family
Built in 1999
9,583 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 |
|---|---|---|
| 2025-06-25 | Listed for sale | $334,900 |
| 2023-07-31 | Sold | $310,000 |
| 2023-07-03 | Pending sale | $320,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-26 | $1403.50 | -28.56% | $308,600 | 14.51% |
| 2023-06-26 | $1964.70 | 23.25% | $269,500 | 4.95% |
| 2022-06-26 | $1594.04 | 7.16% | $256,800 | 25.02% |
Listed by: Carson Lowry • RE/MAX REVOLUTION
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524330
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.
