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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% |
Rental property for sale in Vincennes at 812 N 8th St, Vincennes, IN, 47591 offers $1,118/mo rent that, after a $709/mo payment, leaves $248/mo cash flow. Total monthly income is $1,118/mo, and annual cash flow is $2,981/yr on $48,034 cash. Return on cash invested measures 26.11% in year one, and rental yield stands at 9.26% at a $144,900 entry. Equity gained on principal adds $935/yr while 5% annual appreciation compounds into $40,033 by year five. Five-year ROI records 135.95% and total cumulative return in cash reaches $65,305. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,118/mo property income versus a $709/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1875
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 |
|---|---|---|
| 2025-04-02 | Listed for sale | $144,900 |
| 2022-10-20 | Sold | $130,000 |
| 2022-09-19 | Pending sale | $132,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-03 | $753.80 | -44.78% | $82,900 | 1.72% |
| 2023-04-03 | $1365.20 | 14.84% | $81,500 | 22.37% |
| 2022-04-03 | $1188.74 | 5.31% | $66,600 | 15.03% |
Listed by: Jan Parsons • KLEIN RLTY&AUCTION, INC.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510974
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.
