7944 Owens DrNewburghIN47630
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Nearby investment properties with comparable prices
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 7944 Owens Dr, Newburgh, IN, 47630 priced at $203,000 pairs $2,716/mo rent with $1,497/mo cash flow after a $994/mo payment. Total monthly income equals $2,716/mo, and annual cash flow comes to $17,964/yr on $67,295 invested. Return on cash invested is 46.6% in year one, and rental yield stands at 16.06% on a $203,000 basis. Equity gained on principal adds $1,310/yr, and 5% annual appreciation accumulates to $56,085 by year five. Five-year ROI measures 245.82% and total cumulative return in cash reaches $165,422. For financing, Ziffy Mortgage’s DSCR program evaluates $2,716/mo property income against a $994/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1970
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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