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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 916 N 12th St, Vincennes, IN, 47591 offers a 9.89% rental yield on a $125,000 purchase with $1,030/mo rent. Total monthly income registers $1,030/mo, and a $612/mo payment leaves $222/mo available for distribution. Annual cash flow reaches $2,670/yr on $41,438 to close, and return on cash invested stands at 26.35% in year one. Equity gained on principal adds $807/yr while 5% annual appreciation supports $34,535 over five years. Portfolio math shows five-year ROI at 137.8% and total cumulative return in cash at $57,101. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,030/mo property income against a $612/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2000
6,403 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 |
|---|---|---|
| 2025-03-06 | Sold | $125,000 |
| 2025-01-17 | Pending sale | $129,900 |
| 2024-10-16 | Price change | $129,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-23 | $1721.10 | 88.67% | $85,400 | 1.67% |
| 2023-10-23 | $912.24 | 18.77% | $84,000 | 90.91% |
| 2022-10-23 | $768.08 | 6.09% | $44,000 | 18.92% |
Listed by: Cathy A Houck • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202435734
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.
