4800 E Blackford RdMount VernonIN47620
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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
Rental property for sale in Mount Vernon at 4800 E Blackford Rd, Mount Vernon, IN, 47620 generates $2,447/mo in rent and, after a $1,679/mo payment, leaves $388/mo in cash flow. Total monthly income is $2,447/mo, and annual cash flow is $4,654/yr on $113,705 invested. Return on cash invested sits at 24% in year one, and rental yield is 8.56% on a $343,000 entry. Equity gained on principal adds $2,213/yr, while 5% annual appreciation builds toward $94,765 over five years. Five-year ROI reaches 124.54% and total cumulative return in cash sums $141,612. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,447/mo property income rather than buyer’s personal income.
Single Family
Built in 1984
9.90 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
5,545
Single Family
5,366
Multi-Family
179
Businesses
375
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Listed by: Jacqui Lewis • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202532352
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.