10688 Cricklewood Dr · Newburgh, IN 47630

$234,900

3 bd · 1.5 ba · 1,513 sqft · SingleFamily public records · 25 Days on market

Built 1974 0.27 ac lot $155/sqft · 6% below area Est $249k · 6% under

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +14.2/30.0
• ARV discount +10.0/15.0
• Schools +4.9/10.0
• Rent growth +4.7/5.0
• DSCR +4.3/10.0
• Livability +4.0/5.0
• 1% rule +3.4/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This move in ready well maintained all brick ranch home with a new roof is located on a dead-end street. It is cute as can be. It is beautifully landscaped, and in the Spring it comes alive with all the beautiful Spring flowers and mature trees. The backyard is big enough for a trampoline, swing set and other fun toys for outside play. The four nice sized bedrooms, (two of the bedrooms have nice sized his and her closets). With one and a half bathrooms, this would be the perfect set up for an extended family member, as it has a separate entrance. This home is in the perfect location, as it is minutes from shopping, restaurants and entertainment. It is situated an equal distance to Evansville and Newburgh. Also, if you need a nature break, it is within walking distances to Angel Mounds.

Key facts

• Separate entrance
• All brick ranch
• Large backyard

Tags

• ALL BRICK RANCH
• LARGE BACKYARD
• SEPARATE ENTRANCE
• EAT IN KITCHEN
• MATURE LANDSCAPING
• BLOOMING SEASONAL FLOWERS

Property features AI

Finance

• Other: Lot dimensions approximately 87 x 145 (about 0.27 acre)

Exterior

• Parking: Attached garage with garage door opener; Concrete driveway/area; 1 garage space
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Site-built home; One story
• Construction: Brick construction; Asphalt roof; Home warranty included; Built above grade (finished area reported)
• Exterior features: Partial chain link fencing; Level, landscaped lot

Interior

• Kitchen: Dishwasher; Refrigerator; Electric cooktop; Electric range; Exhaust fan
• Bedrooms: Master downstairs
• Flooring: Other
• Bathrooms: 1 full bathroom; 1 half bathroom; Two bathrooms on the main level
• Heating & cooling: Forced air heating; Central air conditioning; Ceiling fans
• Interior features: Ceiling fans; Laminate countertops; Primary suite on the main floor; Crawl space basement
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry on the main level

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $235k.

Deal economics

• At list price, monthly cash flow is $37 ($447/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $197k (16.0% below list).
• Recommended offer: $197k (16.0% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 3.9% in Newburgh — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 80/100 on livability (#21 in IN, #1,922 nationally) — a professional / high-income tenant draw. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F.
• Warrick County School Corporation (suburban): math 54% / reading 59% proficiency, ranked #24 of 301 in IN (top 8%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+8.7%/yr); 383 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 44% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 249 units permitted in Warrick County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Warrick County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 25 days — a 2% lower offer ($231k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 6y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $175k; 34% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $197,389 (16.0% below list)

Questions for the listing agent

1. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.84% ✗
• Cap rate: 6.48%
• Cash-on-cash: 0.68%
• DSCR: 1.03
• GRM: 9.9

CMA / ARV

• ARV (median comp): $248,913
• List price: $234,900
• Delta: -5.63%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
10555 Brookside Dr	0.20mi	3/2.0	1,491 (-2%)	10mo	$265,000	$178	78
5833 Lenbeck Rd	0.18mi	4/2.0 (+1)	1,572 (+4%)	2mo	$222,500	$142	76
10555 Willow Creek Rd	0.15mi	3/2.0	1,384 (-8%)	1mo	$245,000	$177	76
5988 Willow Brook Ct	0.23mi	3/2.0	1,432 (-5%)	9mo	$266,000	$186	71
6100 Grand River Rd	0.31mi	2/1.0 (-1)	1,444 (-5%)	9mo	$226,500	$157	64
5768 Garden Valley Rd	0.30mi	3/2.0	1,677 (+11%)	4mo	$280,000	$167	63
5866 Jeffrey Ln	0.57mi	3/2.0	1,580 (+4%)	4mo	$180,100	$114	61
6000 Glen Oak Ct	0.38mi	3/2.0	1,718 (+14%)	7mo	$325,000	$189	52
5902 Lisa Ln	0.68mi	3/1.5	1,356 (-10%)	2mo	$224,900	$166	49
5799 Jeffrey Ln	0.62mi	3/2.0	1,642 (+8%)	7mo	$125,000	$76	49
5580 Prestwick Rd	0.41mi	2/2.0 (-1)	1,730 (+14%)	8mo	$277,000	$160	44
10599 Gettysburg Dr	0.72mi	3/2.0	1,674 (+11%)	5mo	$289,000	$173	43

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -10.1%
• Equity multiple: 0.62×
• Total profit: $-25,291
• Equity at exit: $35,024

10-year hold

• IRR: 4.8%
• Equity multiple: 1.43×
• Total profit: $28,381
• Equity at exit: $20,310

Cash invested: $65,772 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Indiana: 90 Strongly Landlord-Friendly · R+11
• County: — inherits STATE
• City: — inherits STATE

10-day pay-or-quit; landlord-favorable; preempted.

Methodology + full state rankings →

ZIP-level market 47630

• Rents YoY: 8.7%
• Active inventory: 383
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,974 high
• Mortgage (P&I): −$1,232
• Tax from tax record: −$192 /mo · $2,309/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$415
• Net cashflow: $37

Break-even live

Break-even rent $1,927

Max offer price $234,900

Occupancy floor 93%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $58,725
• Closing costs: $7,047
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6166 River Bluff Dr Newburgh, IN	3.0	2.0	1282	$2,500	$1.95	44d	1	0.49mi
5879 Riverwalk Cir Newburgh, IN	3.0	2.0	1128	$1,600	$1.42	21d	1	0.70mi
10611 Gettysburg Dr Newburgh, IN	4.0	3.0	2214	$2,200	$0.99	44d	1	0.75mi
9895 Cove Point Ct Newburgh, IN	3.0	2.0	1307	$1,950	$1.49	21d	1	0.76mi
4920 Penrose Dr Newburgh, IN	3.0	2.0	1250	$1,900	$1.52	44d	1	0.94mi
10686 Fall Creek Dr Newburgh, IN	3.0	2.0	1436	$1,950	$1.36	14d	1	0.99mi
4799 Imperial Dr Newburgh, IN	3.0	2.0	1370	$1,975	$1.44	44d	1	1.04mi
7501 E Powell Ave Evansville, IN	3.0	1.0	1100	$1,650	$1.50	21d	1	1.31mi
1701 Southfield Rd Evansville, IN	3.0	2.5	1696	$1,900	$1.12	21d	1	1.43mi

Listing history 7 events

1. 2026-06-02
   days on market $234,900 Active 25 DOM
2. 2026-06-01
   days on market $234,900 Active 24 DOM
3. 2026-05-31
   days on market $234,900 Active 23 DOM
4. 2026-05-30
   days on market $234,900 Active 22 DOM
5. 2026-05-08
   listed $234,900 Active 1259-char remark
6. 2021-03-31
   soldstatus $174,900 796-char remark

   Show marketing remark (796 chars)

   This move in ready well maintained all brick ranch home with a new roof is located on a dead-end street. It is cute as can be. It is beautifully landscaped, and in the Spring it comes alive with all the beautiful Spring flowers and mature trees. The backyard is big enough for a trampoline, swing set and other fun toys for outside play. The four nice sized bedrooms, (two of the bedrooms have nice sized his and her closets). With one and a half bathrooms, this would be the perfect set up for an extended family member, as it has a separate entrance. This home is in the perfect location, as it is minutes from shopping, restaurants and entertainment. It is situated an equal distance to Evansville and Newburgh. Also, if you need a nature break, it is within walking distances to Angel Mounds.

7. 2020-11-11
   listed $174,900 796-char remark

   Show marketing remark (796 chars)

   This move in ready well maintained all brick ranch home with a new roof is located on a dead-end street. It is cute as can be. It is beautifully landscaped, and in the Spring it comes alive with all the beautiful Spring flowers and mature trees. The backyard is big enough for a trampoline, swing set and other fun toys for outside play. The four nice sized bedrooms, (two of the bedrooms have nice sized his and her closets). With one and a half bathrooms, this would be the perfect set up for an extended family member, as it has a separate entrance. This home is in the perfect location, as it is minutes from shopping, restaurants and entertainment. It is situated an equal distance to Evansville and Newburgh. Also, if you need a nature break, it is within walking distances to Angel Mounds.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IN · Partial reset (capped growth)

• Current annual tax: $2,309 · $192/mo
• Projected year-2 tax: $2,309 · $192/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 3% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,687
• − Mortgage interest: −$13,158
• − Property taxes: −$2,309
• − Insurance: −$1,174
• − Repairs & maintenance: −$1,895
• − Management: −$1,895
• − Depreciation: −$6,833
• Taxable loss: −$3,578
• Est. tax savings @ 24.0%: +$859
• After-tax cash flow: $1,306/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Warrick County School Corporation
• NCES district ID: 1812390
• Math proficiency: 54% ▼ -8.00%
• Reading proficiency: 59% ▼ -6.00%
• Median HH income: $62,801
• Composite: 49.38/100
• National rank: #2014
• State rank: #24 of 301 in IN

Livability — Newburgh

• Score: 80/100
• State rank: #21
• US rank: #1922

Category grades

Amenities F Commute F Cost of living A+ Crime A+ Employment C+ Housing A+ Health & safety A User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Warrick County · 39,818 people
• City population: 39,818
• Metro: Evansville, IN-KY
• Population (ZIP): 39,818
• Household income: $94,162
• Rent vs Own: 19.7% rent · 80.3% own
• Severe rent burden: 770.0

Population outlook (Warrick County) Hauer SSP2

• Today (2025): 66,569 people
• By 2030: 68,404 · +2.8%
• By 2040: 71,131 · +6.9%
• By 2050: 72,743 · +9.3%
• By 2075: 76,088 · +14.3%
• By 2100: 72,261 · +8.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Two or more races 5% Black 3% Hispanic / Latino 3% Asian 3%
• Common ancestry: Italian 3% Lithuanian 2% Romanian 2%
• Foreign-born: 5% · Canada, China
• Languages at home: 96% English-only · Spanish 2% Other Indo-European 1%

Political lean MEDSL · Warrick

• 2024 margin: Solid R (+30.2) · D 34.1% · R 64.3% · Other 1.5%
• 2008→2024 swing: -17.4pp toward R · 2008: -12.8pp · 2024: -30.2pp
• All cycles: 2024: R+30.2 2020: R+27.8 2016: R+33.9 2012: R+26.6 2008: R+12.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -187.44%
• Current HPI: 185.7643
• Rent YoY: ▲ 8.69%
• Metro: Evansville, IN-KY
• State GDP YoY: ▲ 2.90%
• F500 in state: 18

Industry mix (Fortune 500 HQ in IN)

Industry	F500 HQs	Revenue
▸Industrial Machinery	2	$37B
▸Healthcare	1	$177B
▸Pharmaceuticals	1	$45B
▸Metals / Steel	1	$18B
▸Agriculture	1	$17B
▸Packaging	1	$12B

Price history

+34.3% since first listed

3 events — show timeline

• 2026-05-08 Listed $234,900 IRMLS
• 2021-03-31 Sold (MLS) $174,900 IRMLS
• 2020-11-11 Listed $174,900 IRMLS

Property tax history

+15.3%/yr

Latest (2024): $2,309 · -1.2% YoY. Source: county tax records.