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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 North Vernon at 616 N Elm St, North Vernon, IN, 47265 uses $61,328 cash to close to unlock $12,300/yr annual cash flow and $1,025/mo monthly cash flow. Total monthly income runs $2,135/mo, and a $905/mo payment keeps the spread at $1,025/mo. Purchase price stands at $185,000, and rental yield measures 13.85% with $2,135/mo rent. Return on cash invested shows 39.96% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 210.13% and total cumulative return in cash records $128,871. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,135/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1898
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47265, North Vernon, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,430 (100%) |
| Owner Occupied HU | 5,736 (68.0%) |
| Renter Occupied HU | 1,939 (23.0%) |
| Vacant Housing Units | 755 ( 9.0%) |
| Median Home Value | $172,770 |
| Average Home Value | $218,044 |
Residential
8,087
Single Family
7,915
Multi-Family
172
Businesses
506
Date | Event | Price |
|---|---|---|
| 2025-01-31 | Sold | $185,000 |
| 2024-11-25 | Pending sale | $185,000 |
| 2024-11-11 | Price change | $185,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-02 | $1362.00 | 6.57% | $79,100 | 16.49% |
| 2023-11-02 | $1278.00 | 7.58% | $67,900 | 6.59% |
| 2022-11-02 | $1188.00 | N/A | $63,700 | 7.60% |
Listed by: Daniel Soares • Weichert, REALTORS
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22006624
Disclaimer: Based on information submitted to the MLS GRID as of 2025-11-02 03:43:04 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
