8 N 20th St, Vincennes, IN, 47591 | $659/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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8 N 20th St, Vincennes, IN, 47591 | $659/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 8 N 20th St, Vincennes, IN, 47591 earns $659/mo cash flow from $1,739/mo rent with a $881/mo payment. Total monthly income totals $1,739/mo, and annual cash flow totals $7,903/yr on $59,637 capital. ROI tracks 33.16% on current figures, and rental yield reads 11.6% at a $179,900 purchase. Equity gained on principal adds $1,161/yr, and 5% annual appreciation supports $49,703 over five years. Five-year ROI reaches 173.71% and total cumulative return in cash sums $103,593. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,739/mo property income instead of your personal income.

Single Family

Built in 1964

7,753 sqft lot

$N/A/sqft

No HOA

More details about the property

Attractive 4BR, 2BA home that is a good design to save space. Step-saver kitchen with lots of storage. Appliances are included. Newer flooring throughout. One bedroom is a home office, as seller works from home. Energy efficient; check out the low utility bills for this family. Average Electric-$90, Gas-$60, Water-$50. New concrete driveway. Covered 17x23 patio, large 12x20 attractive storage barn with electric, and 9x12 shed. Window treatments can stay. Move-in ready.

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