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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% |
Rental property for sale in Newburgh at 8644 Oak Grove Rd, Newburgh, IN, 47630 priced at $650,000 converts $1,830/mo rent into after a $3,181/mo obligation. Total monthly income equals $1,830/mo. Return on cash invested prints 8.44% in year one, and rental yield reads 3.38% against a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation compiles into $179,583 by year five. Five-year ROI reaches 41.04% and total cumulative return in cash sums $87,770. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,830/mo property income covering a $3,181/mo payment, not borrower’s personal income.
Single Family
Built in 1960
11.60 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 |
|---|---|---|
| 2025-04-03 | Listed for sale | $650,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-04 | $261.84 | 1.98% | $17,600 | N/A |
| 2023-04-04 | $256.76 | -7.33% | $17,600 | N/A |
| 2022-04-04 | $277.06 | 30.37% | $17,600 | N/A |
What's Special
Pull Down Stairs
Listed by: Christie L Martin • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511128
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.
