1115 State 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
Investment property for sale in Vincennes at 1115 State St, Vincennes, IN, 47591 uses $56,322 cash to close to unlock $3,320/yr annual cash flow and $277/mo monthly cash flow. Total monthly income runs $1,297/mo, and a $832/mo payment keeps the spread at $277/mo. Purchase price stands at $169,900, and rental yield measures 9.16% with $1,297/mo rent. Return on cash invested shows 25.8% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 134.21% and total cumulative return in cash records $75,590. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,297/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1910
4,791 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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