1006 E Locust StVincennesIN47591
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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
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
Neighborhood data shown for ZIP Code: 47591, Vincennes, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
10,711
Single Family
9,925
Multi-Family
786
Businesses
1,118
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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.