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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 853 Ridgeway Ave, Vincennes, IN, 47591 priced at $155,000 converts $900/mo rent into after a $759/mo obligation. Total monthly income equals $900/mo. Return on cash invested prints 19.19% in year one, and rental yield reads 6.97% against a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation compiles into $42,824 by year five. Five-year ROI reaches 98.82% and total cumulative return in cash sums $50,776. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $900/mo property income covering a $759/mo payment, not borrower’s personal income.
Single Family
Built in 1925
5,924 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Beth Chattin • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls ID: #202525624
