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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 817 College Ave, Vincennes, IN, 47591 with 5% annual appreciation on a $124,900 basis while $971/mo rent supports operations. Total monthly income totals $971/mo and a $611/mo payment preserves $201/mo for cash returns. Annual cash flow comes to $2,413/yr on $41,404 deployed, and return on cash invested reaches 25.74% in year one. Equity gained on principal adds $806/yr, and five-year appreciation sums $34,508 alongside rental yield of 9.33%. Five-year ROI measures 134.18% and total cumulative return in cash totals $55,558.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $971/mo property income versus a $611/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1919
2,613 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 |
|---|---|---|
| 2024-09-30 | Price change | $124,900 |
| 2024-08-30 | Listed for sale | $129,900 |
| 2020-06-13 | Listing removed | $39,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $1283.00 | 19.64% | $80,400 | 28.64% |
| 2022-10-15 | $1072.36 | 4.58% | $62,500 | 19.73% |
| 2021-10-15 | $1025.44 | 3.62% | $52,200 | 4.40% |
Listed by: Joyce Buckels • KLEIN RLTY&AUCTION, INC.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202433450
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.
