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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 712 S 16th St, Vincennes, IN, 47591 uses $38,089 cash to close to unlock $14,768/yr annual cash flow and $1,231/mo monthly cash flow. Total monthly income runs $1,920/mo, and a $562/mo payment keeps the spread at $1,231/mo. Purchase price stands at $114,900, and rental yield measures 20.05% with $1,920/mo rent. Return on cash invested shows 58.68% in year one, and 5% annual appreciation builds toward $31,745 over five years. Five-year ROI reaches 310.55% and total cumulative return in cash records $118,286. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,920/mo property income covering a $562/mo payment rather than investor’s personal income.
Manufactured
Built in 1998
6,534 sqft 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 |
|---|---|---|
| 2025-09-29 | Sold | $114,900 |
| 2025-08-22 | Pending sale | $119,900 |
| 2025-07-22 | Listed for sale | $119,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-20 | $662.02 | 0.90% | $70,100 | 1.89% |
| 2023-10-20 | $656.12 | 20.88% | $68,800 | 13.72% |
| 2022-10-20 | $542.78 | 11.34% | $60,500 | 21.73% |
Listed by: Robin Montgomery • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516614
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.
