2614 Creek DrNewburghIN47630
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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 2614 Creek Dr, Newburgh, IN, 47630 listed at $1,590,000 pairs $2,460/mo rent with a $7,782/mo payment. Total monthly income runs $2,460/mo. Return on cash invested measures 3.87% in year one, and rental yield registers 1.86% at a $1,590,000 basis. Equity gained on principal adds $10,260/yr, and annual property appreciation at 5% supports $439,288 by year five. Five-year ROI tracks 16.47% and total cumulative return in cash totals $84,848. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,460/mo property income relative to a $7,782/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
0.47 Acres 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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Listed by: Kenneth G Haynie • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202523424
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