1305 Locust St, Mount Vernon, IN, 47620 | $261/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

1305 Locust St, Mount Vernon, IN, 47620 | $261/mo Cash Flow | Ziffy

For Sale

Currently Rented

Rental Income

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
480 sft

229 E Houston St, Morganfield, KY, 42437

3 Bed
2 Bath
1600 sft

489 Gallatin St, New Haven, IL, 62867

3 Bed
1 Bath
1440 sft

4722 State Route 130 N, Uniontown, KY, 42461

4 Bed
2 Bath
1800 sft

485 Boone St, New Haven, IL, 62867

Nearby investment properties with comparable prices

2 Bed
2 Bath
1046 sft

311 W Grant St, Mount Vernon, IN, 47620

3 Bed
2 Bath
1600 sft

489 Gallatin St, New Haven, IL, 62867

3 Bed
2 Bath
1128 sft

720 Mill St, Mount Vernon, IN, 47620

2 Bed
1 Bath
1253 sft

722 College Ave, Mount Vernon, IN, 47620

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Mount Vernon at 1305 Locust St, Mount Vernon, IN, 47620 generates $1,132/mo in rent and, after a $710/mo payment, leaves $261/mo in cash flow. Total monthly income is $1,132/mo, and annual cash flow is $3,135/yr on $48,068 invested. Return on cash invested sits at 26.43% in year one, and rental yield is 9.37% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 137.67% and total cumulative return in cash sums $66,176. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,132/mo property income rather than buyer’s personal income.

Single Family

Built in 1978

9,801 sqft lot

$N/A/sqft

No HOA

More details about the property

Outstanding Opportunity to purchase an investment portfolio of 28 Evansville single family homes that are all currently rented. This property is 1 of 28 properties - Can be purchased as a group, in smaller packages or individually. All properties have been remodeled within the last 3 years. Most are fully tenant-occupied with strong in-place rents. This is a turnkey package ideal for institutional buyers, hedge funds, or large-scale investors. Do not disturb tenants.

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