2410 S State Highway 7North 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 2410 S State Highway 7, North Vernon, IN, 47265 uses $102,434 cash to close to unlock $3,678/yr annual cash flow and $307/mo monthly cash flow. Total monthly income runs $2,161/mo, and a $1,512/mo payment keeps the spread at $307/mo. Purchase price stands at $309,000, and rental yield measures 8.39% with $2,161/mo rent. Return on cash invested shows 23.5% in year one, and 5% annual appreciation builds toward $85,371 over five years. Five-year ROI reaches 121.88% and total cumulative return in cash records $124,841. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,161/mo property income covering a $1,512/mo payment rather than investor’s personal income.
Single Family
Built in 1981
1.19 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: Karen Sauer • Crossroads Real Estate Group LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22064923