1405 S 15th St, Vincennes, IN, 47591 | $6/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1405 S 15th St, Vincennes, IN, 47591 | $6/mo Cash Flow | Ziffy

Pending

Currently Rented

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Vincennes at 1405 S 15th St, Vincennes, IN, 47591 uses $65,969 cash to close to unlock $77/yr annual cash flow and $6/mo monthly cash flow. Total monthly income runs $1,201/mo, and a $974/mo payment keeps the spread at $6/mo. Purchase price stands at $199,000, and rental yield measures 7.24% with $1,201/mo rent. Return on cash invested shows 20.03% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 103.28% and total cumulative return in cash records $68,130. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,201/mo property income covering a $974/mo payment rather than investor’s personal income.

Multi Family

Built in 1914

10,149 sqft lot

$N/A/sqft

No HOA

More details about the property

Tri-plex investment property. There is a large (Unit 1/2) 3 bedroom 2 bath, a medium size (Unit A) 2 bedroom 1 bath, and a smaller (Unit B) 1 bedroom 1 bath. Currently fully occupied under lease agreements. All units have been occupied for several years so some pictures are from when last vacant. Per previous owner, roof was replaced in 2016. New range in 2025 for unity 1/2. HVAC on Unit 1/2 has been replaced in 2023. Current tenants have been renewed at least once.

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