231 High 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
Rental property for sale in North Vernon at 231 High St, North Vernon, IN, 47265 generates $1,680/mo in rent, after a $1,541/mo payment. Total monthly income is $1,680/mo. Return on cash invested sits at 17.49% in year one, and rental yield is 6.4% on a $314,900 entry. Equity gained on principal adds $2,032/yr, while 5% annual appreciation builds toward $87,001 over five years. Five-year ROI reaches 89.65% and total cumulative return in cash sums $93,586. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,680/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
0.95 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: Jarrod Daeger • Coldwell Banker Martin Miller Lamb
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22078318