1600 N 14th St, Vincennes, IN, 47591 | $1,310/mo Cash Flow

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1600 N 14th St, Vincennes, IN, 47591 | $1,310/mo Cash Flow | Ziffy

Pending

Fix & Flip

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

Rental property for sale in Vincennes at 1600 N 14th St, Vincennes, IN, 47591 generates $2,270/mo in rent and, after a $783/mo payment, leaves $1,310/mo in cash flow. Total monthly income is $2,270/mo, and annual cash flow is $15,717/yr on $53,007 invested. Return on cash invested sits at 49.56% in year one, and rental yield is 17.04% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 261.62% and total cumulative return in cash sums $138,678. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,270/mo property income rather than buyer’s personal income.

Single Family

Built in 1969

0.38 Acres lot

$N/A/sqft

No HOA

More details about the property

Lots of space in this 3 bedroom 3 full bath home on a double city lot with a third large bedroom/living space and third full bath located over the garage with stairs from the attached garage. Great potential for a rental space! Covered front porch with plenty of shade from the mature trees. Located on a corner lot, with the adjoining lot next door included for potential outbuildings. The living and dining room area is open with ceramic tile walkways separating the spaces. Kitchen is efficient with plenty of cabinets and a serving bar. All appliances included in sale. Nice utility room with washer/dryer connections, additional sink, and cabinets. This home has loads of storage with closets, oversized 2 car garage with 3 storage closets, plus the detached storage building. The upstairs is accessed from the garage entry, so it can be locked off from the main living area (1550 sqft). The large room upstairs could function as an efficiency style apartment (763 sqft) with living/bedroom area, lots of windows for natural light, a large walk-in closet, and full bath. A kitchenette area could be added to make a perfect rental space. There are 2 bedrooms and 2 full baths downstairs (one with standup shower and one with large accessible tub), plus a bonus space off the hallway that could be an office or sitting nook. Home warranty included, but home is to be sold in as-is condition.

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