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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 1402 Old Wheatland Rd, Vincennes, IN, 47591 offers $1,525/mo rent that, after a $685/mo payment, leaves $600/mo cash flow. Total monthly income is $1,525/mo, and annual cash flow is $7,202/yr on $46,410 cash. Return on cash invested measures 35.43% in year one, and rental yield stands at 13.07% at a $140,000 entry. Equity gained on principal adds $903/yr while 5% annual appreciation compounds into $38,679 by year five. Five-year ROI records 186.71% and total cumulative return in cash reaches $86,650. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,525/mo property income versus a $685/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.32 Acres 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 |
|---|---|---|
| 2024-12-30 | Sold | $140,000 |
| 2024-12-06 | Pending sale | $140,000 |
| 2024-10-29 | Price change | $140,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-23 | $2178.08 | 118.38% | $111,600 | -6.30% |
| 2023-10-23 | $997.40 | 28.74% | $119,100 | 13.65% |
| 2022-10-23 | $774.76 | 3.98% | $104,800 | 12.57% |
Listed by: Brian Waters • Mentor Listing Realty, Inc.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202437638
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.
