243 Lincoln 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
Investment property for sale in North Vernon at 243 Lincoln St, North Vernon, IN, 47265 with 5% annual appreciation on a $125,000 basis while $1,170/mo rent supports operations. Total monthly income totals $1,170/mo and a $612/mo payment preserves $419/mo for cash returns. Annual cash flow comes to $5,034/yr on $41,438 deployed, and return on cash invested reaches 32.06% in year one. Equity gained on principal adds $807/yr, and five-year appreciation sums $34,535 alongside rental yield of 11.23%. Five-year ROI measures 167.8% and total cumulative return in cash totals $69,533.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,170/mo property income versus a $612/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1931
0.35 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: Eli Skinner • Key Realty Indiana
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22059399