2324 Buckingham DrNorth 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 2324 Buckingham Dr, North Vernon, IN, 47265 generates $879/mo in rent and, after a $538/mo payment, leaves $219/mo in cash flow. Total monthly income is $879/mo, and annual cash flow is $2,629/yr on $36,465 invested. Return on cash invested sits at 27.12% in year one, and rental yield is 9.59% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 141.44% and total cumulative return in cash sums $51,576. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $879/mo property income rather than buyer’s personal income.
Manufactured
Built in 1999
0.39 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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