405 Washington Ave, Mount Vernon, IN, 47620 | $711/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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405 Washington Ave, Mount Vernon, IN, 47620 | $711/mo Cash Flow | Ziffy

For Sale

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

Investment property for sale in Mount Vernon at 405 Washington Ave, Mount Vernon, IN, 47620 offers a 13.77% rental yield on a $129,900 purchase with $1,491/mo rent. Total monthly income registers $1,491/mo, and a $636/mo payment leaves $711/mo available for distribution. Annual cash flow reaches $8,532/yr on $43,062 to close, and return on cash invested stands at 39.72% in year one. Equity gained on principal adds $838/yr while 5% annual appreciation supports $35,889 over five years. Portfolio math shows five-year ROI at 208.96% and total cumulative return in cash at $89,983. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,491/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1977

8,189 sqft lot

$N/A/sqft

No HOA

More details about the property

Here is your opportunity to make this house your home. With an open floor plan and refreshed kitchen, this brick ranch has lots of potential. The seller has stripped the basement, so the new owner can remodel as they wish. With a full basement, 2 1/2 car garage and spacious backyard, there is plenty of room for everyone. The home does need new furnace and air conditioner and it is priced accordingly. Includes: Range/oven, dishwasher, microwave, disposal, all window treatments, and yard barn. Selling AS-IS

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