10317 Old Highway 62 EMount VernonIN47620
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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
Investment property for sale in Mount Vernon at 10317 Old Highway 62 E, Mount Vernon, IN, 47620 offers a 7.5% rental yield on a $200,000 purchase with $1,250/mo rent. Total monthly income registers $1,250/mo, and a $979/mo payment leaves $49/mo available for distribution. Annual cash flow reaches $592/yr on $66,300 to close, and return on cash invested stands at 20.8% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 107.43% and total cumulative return in cash at $71,228. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,250/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47620, Mount Vernon, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,740 (100%) |
| Owner Occupied HU | 4,069 (70.9%) |
| Renter Occupied HU | 1,198 (20.9%) |
| Vacant Housing Units | 473 ( 8.2%) |
| Median Home Value | $238,289 |
| Average Home Value | $269,466 |
Housing Distribution
Address Breakdown
Residential
5,545
Single Family
5,366
Multi-Family
179
Businesses
375
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