








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 1609 McDowell Rd, Vincennes, IN, 47591 offers a 10.35% rental yield on a $332,500 purchase with $2,869/mo rent. Total monthly income registers $2,869/mo, and a $1,627/mo payment leaves $827/mo available for distribution. Annual cash flow reaches $9,920/yr on $110,224 to close, and return on cash invested stands at 28.91% in year one. Equity gained on principal adds $2,146/yr while 5% annual appreciation supports $91,864 over five years. Portfolio math shows five-year ROI at 151.04% and total cumulative return in cash at $166,480. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,869/mo property income against a $1,627/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
0.43 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 |
|---|---|---|
| 2025-05-29 | Sold | $332,500 |
| 2025-05-02 | Pending sale | $343,000 |
| 2025-02-28 | Price change | $343,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-23 | $3321.52 | 18.82% | $294,600 | -1.60% |
| 2023-10-23 | $2795.42 | 6.64% | $299,400 | 21.71% |
| 2022-10-23 | $2621.24 | 3.39% | $246,000 | 5.99% |



What's Special
Storage
Listed by: Joyce Buckels • KLEIN RLTY&AUCTION, INC.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202431217
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.