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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 10629 Fall Creek Dr, Newburgh, IN, 47630 listed at $283,000 pairs $2,903/mo rent with a $1,385/mo payment to leave $1,204/mo cash flow. Total monthly income runs $2,903/mo, and annual cash flow reaches $14,452/yr on $93,815 cash to close. Return on cash invested measures 35.31% in year one, and rental yield registers 12.31% at a $283,000 basis. Equity gained on principal adds $1,826/yr, and annual property appreciation at 5% supports $78,188 by year five. Five-year ROI tracks 185.24% and total cumulative return in cash totals $173,787. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,903/mo property income relative to a $1,385/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2007
7,405 sqft 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 |
|---|---|---|
| 2025-02-19 | Sold | $283,000 |
| 2025-01-19 | Pending sale | $289,500 |
| 2025-01-14 | Price change | $289,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-23 | $1801.32 | 5.78% | $253,600 | 1.52% |
| 2023-10-23 | $1702.96 | 7.66% | $249,800 | 8.99% |
| 2022-10-23 | $1581.76 | 7.55% | $229,200 | 12.24% |
What's Special
Pull Down Stairs,Storage
Listed by: Andrea Clark • RE/MAX REVOLUTION
Mls Name: IRMLS
Mls Provider:
Mls ID: #202438572
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.
