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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 724 E Main St, Newburgh, IN, 47630 uses $91,163 cash to close to unlock $2,499/yr annual cash flow and $208/mo monthly cash flow. Total monthly income runs $1,859/mo, and a $1,346/mo payment keeps the spread at $208/mo. Purchase price stands at $275,000, and rental yield measures 8.11% with $1,859/mo rent. Return on cash invested shows 22.65% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 117.32% and total cumulative return in cash records $106,955. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,859/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.28 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 |
|---|---|---|
| 2022-04-27 | Sold | $237,000 |
| 2022-03-17 | Pending sale | $225,000 |
| 2022-03-15 | Listed for sale | $225,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-20 | $1728.96 | 34.06% | $202,300 | 1.97% |
| 2023-03-20 | $1289.70 | 17.42% | $198,400 | 29.67% |
| 2022-03-20 | $1098.40 | -18.02% | $153,000 | 25.00% |
Listed by: Mitchell Berry • Key Associates Signature Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508964
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.
