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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% |
Investment property for sale in Vincennes at 1409 Main St, Vincennes, IN, 47591 with 5% annual appreciation on a $219,000 basis while $1,763/mo rent supports operations. Total monthly income totals $1,763/mo and a $1,072/mo payment preserves $448/mo for cash returns. Annual cash flow comes to $5,379/yr on $72,599 deployed, and return on cash invested reaches 27.32% in year one. Equity gained on principal adds $1,413/yr, and five-year appreciation sums $60,506 alongside rental yield of 9.66%. Five-year ROI measures 142.4% and total cumulative return in cash totals $103,377.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,763/mo property income versus a $1,072/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1914
6,446 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 |
|---|---|---|
| 2025-05-15 | Listed for sale | $219,000 |
| 2024-01-22 | Listing removed | $209,000 |
| 2023-12-12 | Listed for sale | $209,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-16 | $1185.28 | 10.88% | $123,900 | 5.99% |
| 2023-05-16 | $1069.00 | 55.84% | $116,900 | 11.33% |
| 2022-05-16 | $685.96 | 8.36% | $105,000 | 45.83% |
Listed by: Seth Yates • Epique Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517905
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.
