8875 Bahama CvNewburghIN47630
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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
Investment Highlights
Investment property for sale in Newburgh at 8875 Bahama Cv, Newburgh, IN, 47630 uses $76,212 cash to close to unlock $1,946/yr annual cash flow and $162/mo monthly cash flow. Total monthly income runs $1,542/mo, and a $1,125/mo payment keeps the spread at $162/mo. Purchase price stands at $229,900, and rental yield measures 8.05% with $1,542/mo rent. Return on cash invested shows 22.46% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 116.34% and total cumulative return in cash records $88,667. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,542/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Single Family
Built in 2006
6,534 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
16,355
Single Family
16,047
Multi-Family
308
Businesses
675
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