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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 2201 Westridge Dr, Mount Vernon, IN, 47620 generates $1,857/mo in rent and, after a $1,319/mo payment, leaves $239/mo in cash flow. Total monthly income is $1,857/mo, and annual cash flow is $2,872/yr on $89,339 invested. Return on cash invested sits at 23.12% in year one, and rental yield is 8.27% on a $269,500 entry. Equity gained on principal adds $1,739/yr, while 5% annual appreciation builds toward $74,458 over five years. Five-year ROI reaches 119.87% and total cumulative return in cash sums $107,088. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,857/mo property income rather than buyer’s personal income.
Single Family
Built in 1985
0.29 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 |
|---|---|---|
| 2025-04-29 | Listed for sale | $269,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-30 | $1674.00 | 6.42% | $196,500 | 17.38% |
| 2023-04-30 | $1573.00 | 13.49% | $167,400 | 6.42% |
| 2022-04-30 | $1386.00 | 19.48% | $157,300 | 13.49% |
Listed by: Tim Wargel • RE/MAX REVOLUTION
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515083
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.
