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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% |
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 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 |
|---|---|---|
| 2025-06-20 | Listed for sale | $278,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-23 | $641.66 | 3.41% | $127,000 | 11.11% |
| 2023-06-23 | $620.48 | 29.60% | $114,300 | 8.65% |
| 2022-06-23 | $478.76 | 5.00% | $105,200 | 15.99% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
