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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 1212 E 2nd St, Mount Vernon, IN, 47620 uses $49,692 cash to close to unlock $5,842/yr annual cash flow and $487/mo monthly cash flow. Total monthly income runs $1,387/mo, and a $734/mo payment keeps the spread at $487/mo. Purchase price stands at $149,900, and rental yield measures 11.1% with $1,387/mo rent. Return on cash invested shows 31.67% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 165.68% and total cumulative return in cash records $82,331. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,387/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1954
8,276 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Cathie Spalding • Pinnacle Realty Group
Mls Name: IRMLS
Mls ID: #202536513
