427 E 5th St, Mount Vernon, IN, 47620 | $335/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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427 E 5th St, Mount Vernon, IN, 47620 | $335/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

Rental property for sale in Mount Vernon at 427 E 5th St, Mount Vernon, IN, 47620 generates $2,015/mo in rent and, after a $1,370/mo payment, leaves $335/mo in cash flow. Total monthly income is $2,015/mo, and annual cash flow is $4,017/yr on $92,787 invested. Return on cash invested sits at 24.24% in year one, and rental yield is 8.64% on a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 125.83% and total cumulative return in cash sums $116,749. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,015/mo property income rather than buyer’s personal income.

Single Family

Built in 1937

10,018 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this spacious and inviting 4-bedroom home located just blocks from Mt. Vernon High School! From the moment you step through the front door, youre greeted with a warm entryway that opens into a large family room filled with natural light. Off the living room, youll find a generous dining room perfect for gatherings and an en suite bedroom featuring a relaxing soaker tub. The kitchen offers abundant counter space, a gas range, and all appliances included, with a convenient side entry and mudroom-style area nearby. A second main-level bedroom and a full bath with a walk-in shower complete the first floor. Upstairs, a cozy loft provides the perfect hangout or playroom, along with two additional bedrooms. The full basement offers excellent storage options and doubles as a storm shelter for peace of mind. Outside, youll love the seamless connection between the home and the oversized 32x48 pole barn. This incredible bonus space provides parking for three vehicles, a full bathroom, and a finished entertainment area with a mini split system that could easily serve as a separate living space for guests or a family member. The additional bay is ideal for a workshop, lawn equipment, or golf cart storage. The possibilities are endless! A beautiful patio joins the house and barn, partially covered for year-round enjoyment, with a firepit and private hot tub area nearby, perfect for entertaining. Blending 1930s charm with thoughtful updates, this property truly offers the best of both worlds.

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