841 W Airport RdVincennesIN47591
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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
Investment Highlights
Rental property for sale in Vincennes at 841 W Airport Rd, Vincennes, IN, 47591 priced at $299,000 converts $1,330/mo rent into after a $1,463/mo obligation. Total monthly income equals $1,330/mo. Return on cash invested prints 14.29% in year one, and rental yield reads 5.34% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 72.47% and total cumulative return in cash sums $71,830. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,330/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 1953
1 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
10,711
Single Family
9,925
Multi-Family
786
Businesses
1,118
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