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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 Mount Vernon at 1108 W 2nd St, Mount Vernon, IN, 47620 earns $517/mo cash flow from $1,477/mo rent with a $783/mo payment. Total monthly income totals $1,477/mo, and annual cash flow totals $6,200/yr on $53,040 capital. ROI tracks 31.6% on current figures, and rental yield reads 11.08% at a $160,000 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,205 over five years. Five-year ROI reaches 165.32% and total cumulative return in cash sums $87,686. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,477/mo property income instead of your personal income.
Single Family
Built in 1920
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47620, Mount Vernon, IN area.
| 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 |
Residential
5,545
Single Family
5,366
Multi-Family
179
Businesses
375
Date | Event | Price |
|---|---|---|
| 2025-04-09 | Listed for sale | $160,000 |
| 2022-11-08 | Sold | $120,000 |
| 2022-10-07 | Pending sale | $114,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-10 | $750.36 | 94.49% | $98,800 | 17.76% |
| 2023-04-10 | $385.80 | -60.67% | $83,900 | 61.35% |
| 2022-04-10 | $981.00 | N/A | $52,000 | 7.00% |
Listed by: Trae Dauby • Dauby Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512059
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.
