402 N 15th StVincennesIN47591
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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 402 N 15th St, Vincennes, IN, 47591 listed at $134,900 pairs $900/mo rent with a $660/mo payment to leave $90/mo cash flow. Total monthly income runs $900/mo, and annual cash flow reaches $1,086/yr on $44,719 cash to close. Return on cash invested measures 22.34% in year one, and rental yield registers 8.01% at a $134,900 basis. Equity gained on principal adds $870/yr, and annual property appreciation at 5% supports $37,270 by year five. Five-year ROI tracks 115.67% and total cumulative return in cash totals $51,725. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $900/mo property income relative to a $660/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1949
4,835 sqft 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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