348 Audubon 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
Investment property for sale in Mount Vernon at 348 Audubon Dr, Mount Vernon, IN, 47620 listed at $179,900 pairs $1,468/mo rent with a $881/mo payment to leave $388/mo cash flow. Total monthly income runs $1,468/mo, and annual cash flow reaches $4,651/yr on $59,637 cash to close. Return on cash invested measures 27.71% in year one, and rental yield registers 9.79% at a $179,900 basis. Equity gained on principal adds $1,161/yr, and annual property appreciation at 5% supports $49,703 by year five. Five-year ROI tracks 144.47% and total cumulative return in cash totals $86,157. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,468/mo property income relative to a $881/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1965
6,969 sqft 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: Julia Vantlin • F.C. TUCKER/SHRODE
Mls Name: IRMLS
Mls ID: #202547104