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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 Mount Vernon at 505 W 2nd St, Mount Vernon, IN, 47620 at $150,000 posts ROI 32.36% with $516/mo cash flow from $1,416/mo rent. Total monthly income equals $1,416/mo, and annual cash flow records $6,189/yr on $49,725 to close. Return on cash invested measures 32.36% and rental yield reads 11.33% at the current $150,000. Equity gained on principal adds $968/yr, and 5% annual appreciation supports $41,442 by year five. Five-year ROI prints 169.38% and total cumulative return in cash totals $84,222.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,416/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1945
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47620, Mount Vernon, IN area.
| 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 |
Residential
5,545
Single Family
5,366
Multi-Family
179
Businesses
375
Date | Event | Price |
|---|---|---|
| 2025-04-15 | Listed for sale | $150,000 |
| 2023-06-28 | Sold | $132,500 |
| 2023-05-15 | Pending sale | $134,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-16 | $496.62 | 23.18% | $104,600 | 76.09% |
| 2023-04-16 | $403.16 | 8.92% | $59,400 | 5.69% |
| 2022-04-16 | $370.16 | -24.66% | $56,200 | 9.13% |
Listed by: Trae Dauby • Dauby Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512889
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.
