24 David DrNorth VernonIN47265
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 24 David Dr, North Vernon, IN, 47265 priced at $163,815 pairs $1,702/mo rent with $718/mo cash flow after a $802/mo payment. Total monthly income equals $1,702/mo, and annual cash flow comes to $8,621/yr on $54,305 invested. Return on cash invested is 35.78% in year one, and rental yield stands at 12.47% on a $163,815 basis. Equity gained on principal adds $1,057/yr, and 5% annual appreciation accumulates to $45,259 by year five. Five-year ROI measures 187.78% and total cumulative return in cash reaches $101,975. For financing, Ziffy Mortgage’s DSCR program evaluates $1,702/mo property income against a $802/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1957
10,018 sqft 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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Nearby investment properties with comparable prices
Listed by: Gloria Robbins • Pieratt Robbins Mobility, Inc
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22045007
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-26 03:43:19 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)