8633 W Outer Lincoln Ave, Newburgh, IN, 47630 | $258/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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8633 W Outer Lincoln Ave, Newburgh, IN, 47630 | $258/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

Rental property for sale in Newburgh at 8633 W Outer Lincoln Ave, Newburgh, IN, 47630 generates $1,998/mo in rent and, after a $1,419/mo payment, leaves $258/mo in cash flow. Total monthly income is $1,998/mo, and annual cash flow is $3,091/yr on $96,135 invested. Return on cash invested sits at 23.12% in year one, and rental yield is 8.27% on a $289,999 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,121 over five years. Five-year ROI reaches 119.85% and total cumulative return in cash sums $115,216. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,998/mo property income rather than buyer’s personal income.

Single Family

Built in 1950

0.87 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 8633 Outer Lincoln Ave! Rural Living in the heart of Newburgh. This 3 bedroom, 2 bathroom, 1204 square foot house is nestled on right under an acre of land (0.87 Acres). Park in the front of the house, back of the house, in the 2 car detatached garage or the 1 car detached garage! This house has been remodeled throughout and ready for you! It features a new roof on the house and garages, new air coniditioning system, newer gas furnace, vinyl windows, water heater, and so much more. Once you go inside, you will see how gorgeous the living space is. The kitchen is well thought out with an island feature. The main bathroom is spacious with gorgeous features. The main bedroom features an attached private bathroom as well with the same luxurious features. The land also provides so many more opportunities to build an additional house, pole barn, garden, or anything else. FHA, VA, Conventional, or Cash offers are welcomed!

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