2600 Ridge RdVincennesIN47591
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2600 Ridge Rd, Vincennes, IN, 47591 priced at $300,000 converts $2,971/mo rent into $1,067/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,971/mo, and annual cash flow totals $12,804/yr on $99,450 invested. Return on cash invested prints 32.78% in year one, and rental yield reads 11.88% against a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation compiles into $82,884 by year five. Five-year ROI reaches 172.08% and total cumulative return in cash sums $171,132. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,971/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 1954
1.10 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Vanessa Purdom • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202429172
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.