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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 208 W 9th St, Mount Vernon, IN, 47620 listed at $103,000 pairs $1,789/mo rent with a $504/mo payment to leave $1,166/mo cash flow. Total monthly income runs $1,789/mo, and annual cash flow reaches $13,987/yr on $34,145 cash to close. Return on cash invested measures 60.87% in year one, and rental yield registers 20.84% at a $103,000 basis. Equity gained on principal adds $665/yr, and annual property appreciation at 5% supports $28,457 by year five. Five-year ROI tracks 322.38% and total cumulative return in cash totals $110,074. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,789/mo property income relative to a $504/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1954
9,757 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 |
|---|---|---|
| 2024-12-19 | Sold | $103,000 |
| 2024-10-23 | Pending sale | $99,500 |
| 2024-09-28 | Listed for sale | $99,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-23 | $917.58 | N/A | $99,400 | 8.16% |
| 2023-10-23 | N/A | N/A | $91,900 | 6.74% |
| 2022-10-23 | $682.78 | 16.24% | $86,100 | 8.85% |
Listed by: William Hitch • Midwest Land & Lifestyle, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202437674
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.
