7688 Meadow Ln, Newburgh, IN, 47630 | $646/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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7688 Meadow Ln, Newburgh, IN, 47630 | $646/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Newburgh at 7688 Meadow Ln, Newburgh, IN, 47630 uses $82,875 cash to close to unlock $7,751/yr annual cash flow and $646/mo monthly cash flow. Total monthly income runs $2,147/mo, and a $1,224/mo payment keeps the spread at $646/mo. Purchase price stands at $250,000, and rental yield measures 10.31% with $2,147/mo rent. Return on cash invested shows 29.26% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 152.74% and total cumulative return in cash records $126,586. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,147/mo property income covering a $1,224/mo payment rather than investor’s personal income.

Single Family

Built in 1972

0.30 Acres lot

$N/A/sqft

No HOA

More details about the property

This charming 3-bedroom, 2-bath home in Broadview is ready to welcome its new owners! Fantastic curb appeal invites you in, highlighted by a spacious covered front porch and an extended driveway with additional parking. Step inside to find a generous living room with cozy carpeted floors. Just beyond, the eat-in kitchen offers ample dining space, a large island with bar seating, and abundant cabinetry and counter space. The inviting family room features a gas fireplace with a solid wood mantel, built-in bookshelves, and sliding door access to the open back patio. The expansive primary suite includes a large closet and a private en-suite bath. Two additional bedrooms share a roomy hall bathroom with a wide vanity. Out back, the fully fenced yard provides wonderful privacy and includes a utility shed for tools, a small greenhouse, and a spacious patio perfect for outdoor dining or simply enjoying the peaceful setting. Additional highlights include an attached 2-car garage with cabinetry and counter space, abundant storage throughout, and an excellent location close to schools, shopping, and dining. This move-in-ready gem is just waiting for you to make it home! Roof was replaced in Nov '23.

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