7811 Ridgemont DrNewburghIN47630
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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 7811 Ridgemont Dr, Newburgh, IN, 47630 listed at $344,000 pairs $2,630/mo rent with a $1,684/mo payment to leave $565/mo cash flow. Total monthly income runs $2,630/mo, and annual cash flow reaches $6,777/yr on $114,036 cash to close. Return on cash invested measures 25.85% in year one, and rental yield registers 9.17% at a $344,000 basis. Equity gained on principal adds $2,220/yr, and annual property appreciation at 5% supports $95,041 by year five. Five-year ROI tracks 134.46% and total cumulative return in cash totals $153,338. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,630/mo property income relative to a $1,684/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1974
0.30 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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