8122 Covington 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
Rental property for sale in Newburgh at 8122 Covington Ct, Newburgh, IN, 47630 generates $1,782/mo in rent and, after a $1,121/mo payment, leaves $407/mo in cash flow. Total monthly income is $1,782/mo, and annual cash flow is $4,886/yr on $75,914 invested. Return on cash invested sits at 26.35% in year one, and rental yield is 9.34% on a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 137.17% and total cumulative return in cash sums $104,129. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,782/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
7,405 sqft 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: Mindy Word • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517332
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.