Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 1842 N Main St, Mount Vernon, IN, 47620 at $164,000 posts ROI 30.31% with $471/mo cash flow from $1,456/mo rent. Total monthly income equals $1,456/mo, and annual cash flow records $5,655/yr on $54,366 to close. Return on cash invested measures 30.31% and rental yield reads 10.65% at the current $164,000. Equity gained on principal adds $1,058/yr, and 5% annual appreciation supports $45,310 by year five. Five-year ROI prints 158.45% and total cumulative return in cash totals $86,145.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,456/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1957
0.37 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 |
|---|---|---|
| 2025-06-17 | Sold | $164,000 |
| 2025-05-11 | Pending sale | $169,900 |
| 2025-05-07 | Listed for sale | $169,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-16 | $1111.00 | 5.71% | $124,400 | 11.97% |
| 2023-10-16 | $1051.00 | 13.50% | $111,100 | 5.71% |
| 2022-10-16 | $926.00 | -3.74% | $105,100 | 13.50% |
Listed by: Deanne S Naas • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516256
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.
