10267 Bourbon StNewburghIN47630
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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 10267 Bourbon St, Newburgh, IN, 47630 offers a 10% rental yield on a $154,900 purchase with $1,291/mo rent. Total monthly income registers $1,291/mo, and a $758/mo payment leaves $151/mo available for distribution. Annual cash flow reaches $1,816/yr on $51,349 to close, and return on cash invested stands at 23.45% in year one. Equity gained on principal adds $1,000/yr while 5% annual appreciation supports $42,796 over five years. Portfolio math shows five-year ROI at 123.38% and total cumulative return in cash at $63,356. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,291/mo property income against a $758/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1974
N/A lot
$N/A/sqft
$210 monthly 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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Listed by: Sydni Cosby • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202507685
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.