2535 Grandview DrVincennesIN47591
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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
Investment property for sale in Vincennes at 2535 Grandview Dr, Vincennes, IN, 47591 uses $124,279 cash to close to unlock $15,354/yr annual cash flow and $1,279/mo monthly cash flow. Total monthly income runs $3,530/mo, and a $1,835/mo payment keeps the spread at $1,279/mo. Purchase price stands at $374,900, and rental yield measures 11.3% with $3,530/mo rent. Return on cash invested shows 32.26% in year one, and 5% annual appreciation builds toward $103,578 over five years. Five-year ROI reaches 168.86% and total cumulative return in cash records $209,863. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,530/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 1982
0.40 Acres 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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