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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 905 Ridgeway Ave, Vincennes, IN, 47591 generates $1,718/mo in rent and, after a $717/mo payment, leaves $839/mo in cash flow. Total monthly income is $1,718/mo, and annual cash flow is $10,064/yr on $48,565 invested. Return on cash invested sits at 40.63% in year one, and rental yield is 14.07% on a $146,500 entry. Equity gained on principal adds $945/yr, while 5% annual appreciation builds toward $40,475 over five years. Five-year ROI reaches 213.73% and total cumulative return in cash sums $103,799. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,718/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
4,356 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 |
|---|---|---|
| 2025-08-28 | Listing removed | $154,900 |
| 2025-06-25 | Price change | $154,900 |
| 2025-06-11 | Listed for sale | $164,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-23 | $1203.72 | 9.02% | $120,600 | 1.60% |
| 2023-10-23 | $1104.16 | 22.02% | $118,700 | 9.50% |
| 2022-10-23 | $904.92 | 3.77% | $108,400 | 21.66% |
Listed by: N/A • N/A
Mls Name: F.C. Tucker Emge REALTORS
Mls ID: #202522142
