11300 Country Homes DrMount VernonIN47712
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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 11300 Country Homes Dr, Mount Vernon, IN, 47712 uses $44,753 cash to close to unlock $2,800/yr annual cash flow and $233/mo monthly cash flow. Total monthly income runs $1,044/mo, and a $661/mo payment keeps the spread at $233/mo. Purchase price stands at $135,000, and rental yield measures 9.28% with $1,044/mo rent. Return on cash invested shows 26.17% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 136.24% and total cumulative return in cash records $60,973. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,044/mo property income covering a $661/mo payment rather than investor’s personal income.
Manufactured
Built in 1997
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47712, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,417 (100%) |
| Owner Occupied HU | 6,822 (59.8%) |
| Renter Occupied HU | 3,381 (29.6%) |
| Vacant Housing Units | 1,214 (10.6%) |
| Median Home Value | $224,192 |
| Average Home Value | $254,495 |
Housing Distribution
Address Breakdown
Residential
10,381
Single Family
9,635
Multi-Family
746
Businesses
517
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Listed by: Mark J Miller • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202529138
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.