3312 David DrMount VernonIN47620
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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
Rental property for sale in Mount Vernon at 3312 David Dr, Mount Vernon, IN, 47620 generates $6,817/mo in rent and, after a $3,365/mo payment, leaves $2,690/mo in cash flow. Total monthly income is $6,817/mo, and annual cash flow is $32,279/yr on $226,220 invested. Return on cash invested sits at 34.33% in year one, and rental yield is 11.9% on a $687,600 entry. Equity gained on principal adds $4,437/yr, while 5% annual appreciation builds toward $189,971 over five years. Five-year ROI reaches 179.89% and total cumulative return in cash sums $406,943. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,817/mo property income rather than buyer’s personal income.
Single Family
Built in 1997
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47620, Mount Vernon, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,740 (100%) |
| Owner Occupied HU | 4,069 (70.9%) |
| Renter Occupied HU | 1,198 (20.9%) |
| Vacant Housing Units | 473 ( 8.2%) |
| Median Home Value | $238,289 |
| Average Home Value | $269,466 |
Housing Distribution
Address Breakdown
Residential
5,545
Single Family
5,366
Multi-Family
179
Businesses
375
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Listed by: N/A • N/A
Mls Name: F.C. Tucker Emge REALTORS
Mls ID: #202406519