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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% |
Investment property for sale in Vincennes at 11 S 8th St, Vincennes, IN, 47591 offers a 11.51% rental yield on a $169,900 purchase with $1,630/mo rent. Total monthly income registers $1,630/mo, and a $832/mo payment leaves $469/mo available for distribution. Annual cash flow reaches $5,628/yr on $56,322 to close, and return on cash invested stands at 29.9% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,940 over five years. Portfolio math shows five-year ROI at 157.24% and total cumulative return in cash at $88,562. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,630/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1984
N/A lot
$N/A/sqft
$125 monthly 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 |
|---|---|---|
| 2025-04-17 | Listed for sale | $169,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-18 | $1598.88 | 5.11% | $83,300 | 6.25% |
| 2023-04-18 | $1521.12 | 8.25% | $78,400 | 5.80% |
| 2022-04-18 | $1405.14 | -2.40% | $74,100 | 8.33% |
Listed by: Heath Klein • KLEIN RLTY&AUCTION, INC.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513204
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.
