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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 536 E 9th St, Mount Vernon, IN, 47620 with 5% annual appreciation on a $149,900 basis while $1,166/mo rent supports operations. Total monthly income totals $1,166/mo and a $734/mo payment preserves $266/mo for cash returns. Annual cash flow comes to $3,190/yr on $49,692 deployed, and return on cash invested reaches 26.33% in year one. Equity gained on principal adds $967/yr, and five-year appreciation sums $41,415 alongside rental yield of 9.33%. Five-year ROI measures 137.04% and total cumulative return in cash totals $68,099.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,166/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1960
0.25 Acres 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 |
|---|---|---|
| 2025-03-24 | Listed for sale | $149,900 |
| 2023-11-08 | Sold | $130,000 |
| 2023-10-04 | Pending sale | $129,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-26 | $586.08 | N/A | $92,000 | 31.24% |
| 2023-03-26 | N/A | N/A | $70,100 | 6.21% |
| 2022-03-26 | $1198.00 | 7.35% | $66,000 | 10.18% |
Listed by: Kathy French • KELLER WILLIAMS CAPITAL REALTY
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509618
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.
