412 N Elm StNorth 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 412 N Elm St, North Vernon, IN, 47265 offers a 13.52% rental yield on a $143,700 purchase with $1,619/mo rent. Total monthly income registers $1,619/mo, and a $703/mo payment leaves $757/mo available for distribution. Annual cash flow reaches $9,081/yr on $47,637 to close, and return on cash invested stands at 38.97% in year one. Equity gained on principal adds $927/yr while 5% annual appreciation supports $39,702 over five years. Portfolio math shows five-year ROI at 204.84% and total cumulative return in cash at $97,580. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,619/mo property income against a $703/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
7,100 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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