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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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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 2792 E Spring Meadow Ct, Vincennes, IN, 47591 listed at $475,000 pairs $900/mo rent with a $2,325/mo payment. Total monthly income runs $900/mo. Return on cash invested measures 5.04% in year one, and rental yield registers 2.27% at a $475,000 basis. Equity gained on principal adds $3,065/yr, and annual property appreciation at 5% supports $131,234 by year five. Five-year ROI tracks 22.85% and total cumulative return in cash totals $35,983. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $900/mo property income relative to a $2,325/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1984
3.74 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 |
|---|---|---|
| 2025-08-09 | Listed for sale | $475,000 |
| 2012-05-31 | Sold | $215,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-11 | $3592.00 | 8.44% | $382,200 | 6.02% |
| 2023-08-11 | $3312.56 | 15.26% | $360,500 | 9.28% |
| 2022-08-11 | $2873.96 | -4.78% | $329,900 | 15.27% |
Listed by: Jade Montgomery • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202531528
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.
