524 E Cherry StreetMount VernonMO65712
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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
Investment property for sale in Mount Vernon at 524 E Cherry Street, Mount Vernon, MO, 65712 listed at $115,000 pairs $1,240/mo rent with a $563/mo payment to leave $524/mo cash flow. Total monthly income runs $1,240/mo, and annual cash flow reaches $6,284/yr on $38,123 cash to close. Return on cash invested measures 36.39% in year one, and rental yield registers 12.94% at a $115,000 basis. Equity gained on principal adds $742/yr, and annual property appreciation at 5% supports $31,772 by year five. Five-year ROI tracks 191.31% and total cumulative return in cash totals $72,933. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,240/mo property income relative to a $563/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1951
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65712, Mount Vernon, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,664 (100%) |
| Owner Occupied HU | 2,415 (65.9%) |
| Renter Occupied HU | 947 (25.8%) |
| Vacant Housing Units | 302 ( 8.2%) |
| Median Home Value | $229,030 |
| Average Home Value | $274,113 |
Housing Distribution
Address Breakdown
Residential
3,482
Single Family
3,387
Multi-Family
95
Businesses
341
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Listed by: Roxanne Stout • Keller Williams
Mls Name: SOMOMLS
Mls ID: #60306537