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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 1261 Nicholas St, Vincennes, IN, 47591 generates $1,258/mo in rent and, after a $700/mo payment, leaves $388/mo in cash flow. Total monthly income is $1,258/mo, and annual cash flow is $4,655/yr on $47,405 invested. Return on cash invested sits at 29.73% in year one, and rental yield is 10.56% on a $143,000 entry. Equity gained on principal adds $923/yr, while 5% annual appreciation builds toward $39,508 over five years. Five-year ROI reaches 155.39% and total cumulative return in cash sums $73,660. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,258/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
6,969 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 |
|---|---|---|
| 2025-08-27 | Sold | $143,000 |
| 2025-08-18 | Pending sale | $139,900 |
| 2025-07-16 | Listed for sale | $139,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-18 | $1325.60 | 15.64% | $66,300 | 2.00% |
| 2023-10-18 | $1146.32 | 17.62% | $65,000 | 17.12% |
| 2022-10-18 | $974.56 | 5.04% | $55,500 | 17.83% |
Listed by: Lori Cardinal • RE/MAX Mainstream
Mls Name: IRMLS
Mls Provider:
Mls ID: #202527585
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.
