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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 10641 Tecumseh Dr, Newburgh, IN, 47630 offers a 8.28% rental yield on a $275,000 purchase with $1,898/mo rent. Total monthly income registers $1,898/mo, and a $1,346/mo payment leaves $247/mo available for distribution. Annual cash flow reaches $2,967/yr on $91,163 to close, and return on cash invested stands at 23.16% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 120.07% and total cumulative return in cash at $109,463. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,898/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
7,840 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 |
|---|---|---|
| 2025-06-09 | Sold | $275,000 |
| 2025-05-12 | Pending sale | $275,000 |
| 2025-05-08 | Listed for sale | $275,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-20 | $1408.56 | 0.43% | $208,800 | 1.46% |
| 2023-10-20 | $1402.52 | 7.34% | $205,800 | 6.69% |
| 2022-10-20 | $1306.66 | 7.85% | $192,900 | 11.70% |
What's Special
Pull Down Stairs
Listed by: Julie Card • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516605
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.
