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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 North Vernon at 690 N Shady Ln, North Vernon, IN, 47265 priced at $350,000 pairs $1,200/mo rent with after a $1,713/mo payment. Total monthly income equals $1,200/mo. Return on cash invested is 10.59% in year one, and rental yield stands at 4.11% on a $350,000 basis. Equity gained on principal adds $2,258/yr, and 5% annual appreciation accumulates to $96,699 by year five. Five-year ROI measures 52.66% and total cumulative return in cash reaches $61,094. For financing, Ziffy Mortgage’s DSCR program evaluates $1,200/mo property income against a $1,713/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1972
1.41 Acres 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 |
|---|---|---|
| 2025-04-10 | Listed for sale | $350,000 |
| 2021-07-30 | Sold | $250,000 |
| 2021-06-25 | Price change | $279,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-11 | $1773.00 | 6.41% | $172,500 | 0.94% |
| 2023-04-11 | $1666.16 | 23.36% | $170,900 | 1.00% |
| 2022-04-11 | $1350.60 | -0.49% | $169,200 | 23.59% |
What's Special
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Listed by: Morgan Abel • Abel Realty LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22031724
Disclaimer: Based on information submitted to the MLS GRID as of 2025-04-11 07:37:51 PDT. 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)
