2733 Coventry Gardens 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
Investment property for sale in North Vernon at 2733 Coventry Gardens Dr, North Vernon, IN, 47265 offers a 11.52% rental yield on a $125,000 purchase with $1,200/mo rent. Total monthly income registers $1,200/mo, and a $612/mo payment leaves $449/mo available for distribution. Annual cash flow reaches $5,394/yr on $41,438 to close, and return on cash invested stands at 32.93% in year one. Equity gained on principal adds $807/yr while 5% annual appreciation supports $34,535 over five years. Portfolio math shows five-year ROI at 172.44% and total cumulative return in cash at $71,453. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,200/mo property income against a $612/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
8,712 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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Listed by: Jamin Spall • F.C. Tucker Real Estate Experts
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22070680