217 Franklin StNorth VernonIN47265
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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
Investment property for sale in North Vernon at 217 Franklin St, North Vernon, IN, 47265 listed at $161,000 pairs $1,615/mo rent with a $788/mo payment to leave $649/mo cash flow. Total monthly income runs $1,615/mo, and annual cash flow reaches $7,783/yr on $53,372 cash to close. Return on cash invested measures 34.49% in year one, and rental yield registers 12.04% at a $161,000 basis. Equity gained on principal adds $1,039/yr, and annual property appreciation at 5% supports $44,481 by year five. Five-year ROI tracks 180.84% and total cumulative return in cash totals $96,519. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,615/mo property income relative to a $788/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1966
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47265, North Vernon, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,430 (100%) |
| Owner Occupied HU | 5,736 (68.0%) |
| Renter Occupied HU | 1,939 (23.0%) |
| Vacant Housing Units | 755 ( 9.0%) |
| Median Home Value | $172,770 |
| Average Home Value | $218,044 |
Housing Distribution
Address Breakdown
Residential
8,087
Single Family
7,915
Multi-Family
172
Businesses
506
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Listed by: N/A • N/A
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Mls ID: #N/A