285 N Hebert Rd, Vincennes, IN, 47591 | $766/mo Cash Flow

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285 N Hebert Rd, Vincennes, IN, 47591 | $766/mo Cash Flow | Ziffy

For Sale

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

Investment property for sale in Vincennes at 285 N Hebert Rd, Vincennes, IN, 47591 earns $766/mo cash flow from $3,161/mo rent with a $1,953/mo payment. Total monthly income totals $3,161/mo, and annual cash flow totals $9,189/yr on $132,269 capital. ROI tracks 26.86% on current figures, and rental yield reads 9.51% at a $399,000 purchase. Equity gained on principal adds $2,575/yr, and 5% annual appreciation supports $110,236 over five years. Five-year ROI reaches 139.85% and total cumulative return in cash sums $184,982. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,161/mo property income instead of your personal income.

Single Family

Built in 2009

1 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 285 North Hebert Road in Vincennes. This one story, Amish built three-bedroom, two-bath home is situated on one-acre in Knox County just outside the city limits. That means lower property taxes. However, it utilizes city water and sewer. The home has a spacious heated and air conditioned three-car garage, a laundry room, office, an inviting master bedroom with ensuite and his and her walk-in closets. The bathroom has a customized walk-in shower with rain shower head, a garden bathtub, makeup counter and dual sinks. The two other bedrooms have large closets. The kitchen has Amish made cabinetry and quartz countertops. There is a sunroom, dining area and a living room with a tray ceiling and Red Oak Flooring. There is also a composite back deck suitable for watching the sun rise and set and a fenced-in backyard. There is a large two-bay pole barn with plenty of storage space and a workbench. There is a large concrete driveway for extra parking and beautiful landscaping. The home has a soft water conditioner. The house is all electric, but natural gas is available and ready to be hooked up. This property is in the Vincennes Community School District.

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