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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 8755 Hanover Dr, Newburgh, IN, 47630 earns $80/mo cash flow from $2,481/mo rent with a $1,958/mo payment. Total monthly income totals $2,481/mo, and annual cash flow totals $956/yr on $132,600 capital. ROI tracks 20.63% on current figures, and rental yield reads 7.44% at a $400,000 purchase. Equity gained on principal adds $2,581/yr, and 5% annual appreciation supports $110,513 over five years. Five-year ROI reaches 106.47% and total cumulative return in cash sums $141,184. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,481/mo property income instead of your personal income.
Single Family
Built in 1990
0.56 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 |
|---|---|---|
| 2025-07-09 | Sold | $400,000 |
| 2025-06-12 | Pending sale | $399,900 |
| 2025-06-11 | Listed for sale | $399,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-23 | $2176.52 | 17.09% | $284,500 | 2.30% |
| 2023-10-23 | $1858.78 | 12.42% | $278,100 | 13.42% |
| 2022-10-23 | $1653.38 | 6.78% | $245,200 | 16.10% |
Listed by: Lee Riddle • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202522113
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.
