1313 Broadway StVincennesIN47591
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 1313 Broadway St, Vincennes, IN, 47591 in Vincennes: $1,614/mo in rent, $714/mo net, 12.92% gross yield, all on a $149,900 acquisition. The 2.39 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $41,415 in value, and $1,381/yr in principal paydown steadily builds equity. Projected total cumulative return: $102,671.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.9% | 10.0% |
| Monthly Cash Flow | $714 | $300 |
City averages based on Vincennes market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,614 |
| Total Monthly Debt Service | $840 |
| DSCR Ratio | 1.92x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1900
7,840 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1900
7,840 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices