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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 8711 Locust Ln, Newburgh, IN, 47630 offers a 7.26% rental yield on a $335,630 purchase with $2,030/mo rent. Total monthly income registers $2,030/mo, and a $1,643/mo payment leaves $15/mo available for distribution. Annual cash flow reaches $180/yr on $111,261 to close, and return on cash invested stands at 20.07% in year one. Equity gained on principal adds $2,166/yr while 5% annual appreciation supports $92,728 over five years. Portfolio math shows five-year ROI at 103.51% and total cumulative return in cash at $115,166. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,030/mo property income against a $1,643/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
0.30 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 |
|---|---|---|
| 2025-08-07 | Sold | $335,630 |
| 2025-06-19 | Pending sale | $329,900 |
| 2025-06-18 | Listed for sale | $329,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $1879.26 | 20.45% | $268,700 | 4.23% |
| 2023-11-01 | $1560.16 | 25.19% | $257,800 | 23.65% |
| 2022-11-01 | $1246.28 | 7.62% | $208,500 | 25.00% |
Listed by: Pam Rickenbaugh • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202523355
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.
