7680 Saint Jordan CirNewburghIN47630
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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
Rental property for sale in Newburgh at 7680 Saint Jordan Cir, Newburgh, IN, 47630 priced at $449,500 converts $2,737/mo rent into $39/mo cash flow after a $2,200/mo obligation. Total monthly income equals $2,737/mo, and annual cash flow totals $466/yr on $149,009 invested. Return on cash invested prints 20.22% in year one, and rental yield reads 7.31% against a $449,500 entry. Equity gained on principal adds $2,901/yr, while 5% annual appreciation compiles into $124,189 by year five. Five-year ROI reaches 104.28% and total cumulative return in cash sums $155,381. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,737/mo property income covering a $2,200/mo payment, not borrower’s personal income.
Single Family
Built in 2007
0.42 Acres lot
$N/A/sqft
No 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: Kimberly D Clark • eXp Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518232
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.