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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Newburgh at 8177 Blake Blvd, Newburgh, IN, 47630 offers a 8.88% rental yield on a $299,900 purchase with $2,220/mo rent. Total monthly income registers $2,220/mo, and a $1,468/mo payment leaves $420/mo available for distribution. Annual cash flow reaches $5,035/yr on $99,417 to close, and return on cash invested stands at 24.97% in year one. Equity gained on principal adds $1,935/yr while 5% annual appreciation supports $82,857 over five years. Portfolio math shows five-year ROI at 129.77% and total cumulative return in cash at $129,016. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,220/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47630, Newburgh, IN area.
| 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 |
Residential
16,355
Single Family
16,047
Multi-Family
308
Businesses
675
Date | Event | Price |
|---|---|---|
| 2020-08-20 | Sold | $220,000 |
| 2005-01-31 | Sold | $154,135 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-09 | $1776.60 | 4.79% | $247,600 | 0.45% |
| 2023-04-09 | $1695.40 | 24.50% | $246,500 | 7.92% |
| 2022-04-09 | $1361.76 | 7.61% | $228,400 | 25.01% |
Listed by: Kenneth G Haynie • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511829
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.
