531 E 5th St, Mount Vernon, IN, 47620 | $394/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

531 E 5th St, Mount Vernon, IN, 47620 | $394/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
2 Bath
1880 sft

909 W 4th St, Mount Vernon, IN, 47620

3 Bed
3 Bath
2435 sft

230 Vine St, Mount Vernon, IN, 47620

3 Bed
3 Bath
1920 sft

201 S Herrmann Dr, Ridgway, IL, 62979

Investment Property+ 1 more

3 Bed
1 Bath
1176 sft

12691 Point Rd, Mount Vernon, IN, 47620

Nearby investment properties with comparable prices

3 Bed
1 Bath
1416 sft

215 N Mart St, Morganfield, KY, 42437

3 Bed
2 Bath
1848 sft

1370 Minerva Limp Rd, Morganfield, KY, 42437

4 Bed
1 Bath
1528 sft

1108 W 2nd St, Mount Vernon, IN, 47620

3 Bed
1 Bath
1588 sft

417 N Carrier St, Morganfield, KY, 42437

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

Investment property for sale in Mount Vernon at 531 E 5th St, Mount Vernon, IN, 47620 uses $52,709 cash to close to unlock $4,725/yr annual cash flow and $394/mo monthly cash flow. Total monthly income runs $1,348/mo, and a $778/mo payment keeps the spread at $394/mo. Purchase price stands at $159,000, and rental yield measures 10.17% with $1,348/mo rent. Return on cash invested shows 28.87% in year one, and 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 150.69% and total cumulative return in cash records $79,428. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,348/mo property income covering a $778/mo payment rather than investor’s personal income.

Single Family

Built in 1900

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

This beautiful 2 bedroom, 1.5 bath home in Mount Vernon is full of charm and updates. Youll love spending time on the enclosed front porchan extra living space with tons of natural light. Step inside and you will find beautifully refurbished original hardwood floors and tall ceilings, giving the home so much character, while the updated kitchen brings in todays style with new cabinets, quartz countertops, stainless steel appliances, and plenty of storage. There is also a separate laundry area right off the kitchen for added convenience. The outside has great curb appeal and a 1-car carport for easy parking, as well as, a cute little cottage out back next to the workshop, both included with the property. Other updates you will want to take note of include: updated electrical throughout, Newer roof, doors, hot water heater, lifetime guaranteed replacement windows, A/C, CO2/smoke detectors, chimney stack & smart thermostat. This home is the perfect mix of modern amenities and charm, and is move-in ready.

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