Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in North Vernon at 301 Beech Rd, North Vernon, IN, 47265 generates $1,200/mo in rent, after a $1,175/mo payment. Total monthly income is $1,200/mo. Return on cash invested sits at 16.27% in year one, and rental yield is 6% on a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 83.08% and total cumulative return in cash sums $66,098. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,200/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47265, North Vernon, IN area.
| 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 |
Residential
8,087
Single Family
7,915
Multi-Family
172
Businesses
506
Date | Event | Price |
|---|---|---|
| 2025-06-30 | Listed for sale | $240,000 |
| 2024-06-10 | Sold | $232,000 |
| 2024-05-06 | Pending sale | $232,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-02 | $152.60 | N/A | $1,500 | -82.56% |
| 2023-07-02 | N/A | N/A | $8,600 | 6.17% |
| 2022-07-02 | N/A | N/A | $8,100 | 8.00% |
Listed by: Alexus Patton • Top Tier Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22048088
Disclaimer: Based on information submitted to the MLS GRID as of 2025-07-02 08:18:02 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)
