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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in North Vernon at 421 3rd St, North Vernon, IN, 47265 listed at $199,900 pairs $1,200/mo rent with a $978/mo payment. Total monthly income runs $1,200/mo. Return on cash invested measures 19.81% in year one, and rental yield registers 7.2% at a $199,900 basis. Equity gained on principal adds $1,290/yr, and annual property appreciation at 5% supports $55,229 by year five. Five-year ROI tracks 102.12% and total cumulative return in cash totals $67,669. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,200/mo property income relative to a $978/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1993
0.70 Acres 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 |
|---|---|---|
| 2025-05-02 | Listed for sale | $199,900 |
| 2025-02-25 | Sold | $75,000 |
| 2025-02-12 | Pending sale | $75,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-04 | $1731.00 | 138.65% | $89,000 | 8.80% |
| 2023-05-04 | $725.32 | 3.32% | $81,800 | 19.42% |
| 2022-05-04 | $702.04 | 6.86% | $68,500 | 5.87% |
Listed by: Beth Terry • Coldwell Banker Martin Miller Lamb
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22036543
Disclaimer: Based on information submitted to the MLS GRID as of 2025-05-04 07:32:43 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)
