248 Byram Ln, North Vernon, IN, 47265 | $78/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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248 Byram Ln, North Vernon, IN, 47265 | $78/mo Cash Flow | Ziffy

For Sale

Listed for sale today

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in North Vernon at 248 Byram Ln, North Vernon, IN, 47265 offers $1,990/mo rent that, after a $1,559/mo payment, leaves $78/mo cash flow. Total monthly income is $1,990/mo, and annual cash flow is $936/yr on $105,583 cash. Return on cash invested measures 20.8% in year one, and rental yield stands at 7.5% at a $318,500 entry. Equity gained on principal adds $2,055/yr while 5% annual appreciation compounds into $87,996 by year five. Five-year ROI records 107.35% and total cumulative return in cash reaches $113,340. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,990/mo property income versus a $1,559/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1982

166 Acres lot

$N/A/sqft

No HOA

More details about the property

Step into this incredible home, perfectly blending comfort and functionality! This 2100 sq ft residence features 3 spacious bedrooms, 2 bathrooms, and a 2-car attached garage, all under a brand-new roof. The expansive 1.66-acre grounds include a 30x40 pole barn, 14x40 lean-to, and a picturesque stream. The 12x22 covered porch is ideal for relaxation, offering views of the large yard, new 6-person hot tub, and above-ground swimming pool. The interior boasts a 16x22 living room with traditional stone fireplace and sliding patio door. The 12x15 kitchen provides extensive cabinetry and countertop space, complemented by the 10x13 dining room. The master bedroom features a 12x17 layout with sliding door access to the porch. Bedroom #2 is 12.5x17 with a 6x9 walk in closet with loft above. Bedroom #3 is 12.5x17 with a 4x9 walk in closet. Additional highlights include a 16x22 family/game room and convenient in-town location. To arrange a viewing, please call 812-592-2142 (preapproval letter required). $318,500

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