7511 Ridgebrook CtNewburghIN47630
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Newburgh at 7511 Ridgebrook Ct, Newburgh, IN, 47630 with 5% annual appreciation on a $349,500 basis while $3,221/mo rent supports operations. Total monthly income totals $3,221/mo and a $1,711/mo payment preserves $1,110/mo for cash returns. Annual cash flow comes to $13,322/yr on $115,859 deployed, and return on cash invested reaches 31.41% in year one. Equity gained on principal adds $2,255/yr, and five-year appreciation sums $96,560 alongside rental yield of 11.06%. Five-year ROI measures 164.33% and total cumulative return in cash totals $190,393.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,221/mo property income versus a $1,711/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1989
0.34 Acres lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47630, Newburgh, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
16,355
Single Family
16,047
Multi-Family
308
Businesses
675
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Listed by: Jane Z Crowley • RE/MAX REVOLUTION
Mls Name: IRMLS
Mls Provider:
Mls ID: #202439851
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.