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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% |
Rental property for sale in Vincennes at 1006 E Locust St, Vincennes, IN, 47591 priced at $187,900 converts $1,784/mo rent into $656/mo cash flow after a $920/mo obligation. Total monthly income equals $1,784/mo, and annual cash flow totals $7,869/yr on $62,289 invested. Return on cash invested prints 32.54% in year one, and rental yield reads 11.39% against a $187,900 entry. Equity gained on principal adds $1,212/yr, while 5% annual appreciation compiles into $51,913 by year five. Five-year ROI reaches 170.34% and total cumulative return in cash sums $106,105. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,784/mo property income covering a $920/mo payment, not borrower’s personal income.
Single Family
Built in 1910
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47591, Vincennes, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,422 (100%) |
| Owner Occupied HU | 6,405 (56.1%) |
| Renter Occupied HU | 3,740 (32.7%) |
| Vacant Housing Units | 1,277 (11.2%) |
| Median Home Value | $162,728 |
| Average Home Value | $210,505 |
Residential
10,711
Single Family
9,925
Multi-Family
786
Businesses
1,118
Date | Event | Price |
|---|---|---|
| 2025-05-23 | Sold | $187,900 |
| 2025-04-16 | Pending sale | $199,900 |
| 2025-03-31 | Listed for sale | $199,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-23 | $859.56 | 2.09% | $89,000 | 3.25% |
| 2023-10-23 | $842.00 | 14.68% | $86,200 | 3.98% |
| 2022-10-23 | $734.22 | 4.41% | $82,900 | 14.50% |
Listed by: Lori Cardinal • RE/MAX Mainstream
Mls Name: IRMLS
Mls Provider:
Mls ID: #202436903
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.
