454 E Clauss Ave, Vincennes, IN, 47591 | $384/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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454 E Clauss Ave, Vincennes, IN, 47591 | $384/mo Cash Flow | Ziffy

For Sale

Currently Rented

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

Rental property for sale in Vincennes at 454 E Clauss Ave, Vincennes, IN, 47591 priced at $165,000 pairs $1,375/mo rent with $384/mo cash flow after a $808/mo payment. Total monthly income equals $1,375/mo, and annual cash flow comes to $4,609/yr on $54,698 invested. Return on cash invested is 28.34% in year one, and rental yield stands at 10% on a $165,000 basis. Equity gained on principal adds $1,065/yr, and 5% annual appreciation accumulates to $45,586 by year five. Five-year ROI measures 147.87% and total cumulative return in cash reaches $80,879. For financing, Ziffy Mortgage’s DSCR program evaluates $1,375/mo property income against a $808/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1965

0.39 Acres lot

$N/A/sqft

No HOA

More details about the property

Charming 2 bedroom, 1 bath home - Updated! New Gas Furnace, and AC, water heater, flooring and complete bathroom remodel 11/2023. Large 2+ carport garage with 2 large walk-in storage closets/workshop spaces. The garage can easily be enclosed. Large 24x14 family room! Double door front entry on the covered front porch. Enjoy the comfort and style of new laminate flooring, and fresh interior paint. Large back Patio for entertaining. With Solid brick construction, this home will continue to outpace newer homes in appreciation value. to rebuild this solid brick home would cost over $200,000. The completely updated bathroom showcases contemporary finishes and new fixtures for added convenience. This home combines classic charm with modern updates - perfect for first time buyers, downsizers, investors or anyone looking for a move in ready home. Don't miss your chance to make this beautifully updated property your own! 1 year transferable Complete home warranty included. Currently tenant occupied with a lease that expires 12/31/2025. Market range on rents $1050-$1150.

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