6480 W Todd Ct, North Vernon, IN, 47265 | $450/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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6480 W Todd Ct, North Vernon, IN, 47265 | $450/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in North Vernon at 6480 W Todd Ct, North Vernon, IN, 47265 offers a 10.48% rental yield on a $165,000 purchase with $1,441/mo rent. Total monthly income registers $1,441/mo, and a $808/mo payment leaves $450/mo available for distribution. Annual cash flow reaches $5,401/yr on $54,698 to close, and return on cash invested stands at 29.78% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 155.65% and total cumulative return in cash at $85,139. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,441/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1971

0.74 Acres lot

$N/A/sqft

No HOA

More details about the property

Nestled at the end of a quiet cul-de-sac in the sought-after Hayden area, perfectly situated between Seymour and North Vernon, this charming 3-bedroom, 1.5-bath home offers privacy, space, and endless potential. Set on a generous 0.74-acre lot, you'll love spending your mornings on the shaded back deck, sipping coffee while overlooking the tranquil woods. Inside, the home features two living rooms on the main level, providing plenty of room to relax or entertain. Downstairs, the basement includes a cozy family room with a wood-burning fireplace, a laundry area, and a convenient half bath. Additional features include a 1-car attached garage plus a larger detached 1-car garage, great for storage, hobbies, or additional parking. The home is heated with baseboard heaters and cooled by a window AC unit. The water heater has been updated, and while the home could benefit from some updates, a little elbow grease will easily transform it into a standout. Appliances and extras that stay with the home: Refrigerator, oven/range, microwave, washer, dryer, window AC, grill, and lawn mower. Selling AS-IS. Ideal for buyers using a conventional loan or cash. Don't miss this opportunity to own a peaceful home in a great location with so much potential!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47265, North Vernon, IN area.

Housing Distribution

Housing Statistics

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