12400 Highway 69 SMount 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
Rental property for sale in Mount Vernon at 12400 Highway 69 S, Mount Vernon, IN, 47620 generates $1,700/mo in rent and, after a $1,361/mo payment, leaves $31/mo in cash flow. Total monthly income is $1,700/mo, and annual cash flow is $371/yr on $92,157 invested. Return on cash invested sits at 20.31% in year one, and rental yield is 7.34% on a $278,000 entry. Equity gained on principal adds $1,794/yr, while 5% annual appreciation builds toward $76,806 over five years. Five-year ROI reaches 104.75% and total cumulative return in cash sums $96,533. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,700/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
1 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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Nearby investment properties with comparable prices
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