1516 La Plante StVincennesIN47591
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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
Investment Highlights
Rental property for sale in Vincennes at 1516 La Plante St, Vincennes, IN, 47591 priced at $145,000 converts $900/mo rent into $29/mo cash flow after a $710/mo obligation. Total monthly income equals $900/mo, and annual cash flow totals $351/yr on $48,068 invested. Return on cash invested prints 20.64% in year one, and rental yield reads 7.45% against a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation compiles into $40,061 by year five. Five-year ROI reaches 106.59% and total cumulative return in cash sums $51,236. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $900/mo property income covering a $710/mo payment, not borrower’s personal income.
Single Family
Built in 1946
5,532 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
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Listed by: John Yochum • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511412
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.