1120 E 4th StMount 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 1120 E 4th St, Mount Vernon, IN, 47620 listed at $110,700 pairs $1,167/mo rent with a $542/mo payment to leave $487/mo cash flow. Total monthly income runs $1,167/mo, and annual cash flow reaches $5,846/yr on $36,697 cash to close. Return on cash invested measures 35.84% in year one, and rental yield registers 12.65% at a $110,700 basis. Equity gained on principal adds $714/yr, and annual property appreciation at 5% supports $30,584 by year five. Five-year ROI tracks 188.33% and total cumulative return in cash totals $69,111. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,167/mo property income relative to a $542/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1945
8,712 sqft 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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Listed by: N/A • N/A
Mls Name: F.C. Tucker Emge REALTORS
Mls ID: #202523265