43 W Main St, North Vernon, IN, 47265 | 6.7% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

43 W Main St, North Vernon, IN, 47265 | 6.7% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
3 Bath
2019 sft

539 Stewart Ct, North Vernon, IN, 47265

Motivated Seller+ 1 more

3 Bed
3 Bath
3506 sft

333 Oakridge Dr, North Vernon, IN, 47265

3 Bed
2 Bath
1276 sft

345 Norris Ave, North Vernon, IN, 47265

3 Bed
2 Bath
2880 sft

3160 S County Road 150 W, North Vernon, IN, 47265

Nearby investment properties with comparable prices

3 Bed
2 Bath
1248 sft

3430 N Terry Rd, Austin, IN, 47102

$ 214,900

ROI

Cash Flow/m

3 Bed
2 Bath
1350 sft

513 Seymour Rd, Crothersville, IN, 47229

2 Bed
1 Bath
1780 sft

211 E 13th St, Seymour, IN, 47274

$ 215,000

ROI

Cash Flow/m

- Bed
2 Bath
4419 sft

14266 W Mulberry Street, Deputy, IN, 47230

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in North Vernon at 43 W Main St, North Vernon, IN, 47265 priced at $214,900 converts $1,200/mo rent into after a $1,052/mo obligation. Total monthly income equals $1,200/mo. Return on cash invested prints 18.39% in year one, and rental yield reads 6.7% against a $214,900 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,373 by year five. Five-year ROI reaches 94.44% and total cumulative return in cash sums $67,278. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,200/mo property income covering a $1,052/mo payment, not borrower’s personal income.

Single Family

Built in 1941

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

This updated 3 bedroom, 2 bathroom home was built in 1941 and offers a great mix of charm and space. The main level features all three bedrooms, a large living room, and an open kitchen and dining area, perfect for everyday living. Upstairs has been recently remodeled and now includes a spacious family room and a bonus room that could be used as a home office, guest space, or playroom. This extra living space gives you plenty of options. The home has been updated but still holds onto some of its original character. It's move in ready and full of natural light throughout. Outside, there's a nice yard with space to relax or garden. Located close to schools, parks, and shopping, this home has a convenient location and a lot to offer.

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