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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% |
Rental property for sale in Mount Vernon at 5981 Serenity Dr, Mount Vernon, IN, 47620 generates $3,150/mo in rent, after a $2,692/mo payment. Total monthly income is $3,150/mo. Return on cash invested sits at 19.05% in year one, and rental yield is 6.87% on a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 97.99% and total cumulative return in cash sums $177,310. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,150/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
1.01 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 |
|---|---|---|
| 2025-06-24 | Listed for sale | $550,000 |
| 2020-07-20 | Sold | $415,000 |
| 2020-05-29 | Listed for sale | $415,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-25 | $3908.40 | 3.90% | $556,100 | 23.14% |
| 2023-06-25 | $3761.60 | 5.89% | $451,600 | 7.78% |
| 2022-06-25 | $3552.24 | 10202.32% | $419,000 | 9.00% |
Listed by: Christie L Martin • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524137
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.
