106 E 16th St, Vincennes, IN, 47591 | $268/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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106 E 16th St, Vincennes, IN, 47591 | $268/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Vincennes at 106 E 16th St, Vincennes, IN, 47591 generates $1,648/mo in rent and, after a $1,125/mo payment, leaves $268/mo in cash flow. Total monthly income is $1,648/mo, and annual cash flow is $3,218/yr on $76,212 invested. Return on cash invested sits at 24.13% in year one, and rental yield is 8.6% on a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 125.29% and total cumulative return in cash sums $95,483. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,648/mo property income rather than buyer’s personal income.

Single Family

Built in 1969

1.32 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully updated 3-bedroom, 2 bath home offering over 3,000 sq. ft. of living space on more than an acre of land. From the moment you step inside, youll appreciate the spacious layout, abundant natural light, and thoughtful updates throughout. The home features large living and dining areas perfect for entertaining, a bright kitchen, and a cozy family room with overlooking the backyard, and 2 fireplaces. The roof is approximately 2 years old, and the septic system has been well maintained and was pumped earlier this year.

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