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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 711 E 4th St, Mount Vernon, IN, 47620 offers $1,368/mo rent that, after a $782/mo payment, leaves $389/mo cash flow. Total monthly income is $1,368/mo, and annual cash flow is $4,671/yr on $52,966 cash. Return on cash invested measures 28.73% in year one, and rental yield stands at 10.27% at a $159,777 entry. Equity gained on principal adds $1,031/yr while 5% annual appreciation compounds into $44,143 by year five. Five-year ROI records 150.13% and total cumulative return in cash reaches $79,516. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,368/mo property income versus a $782/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
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 |
|---|---|---|
| 2025-06-27 | Sold | $159,777 |
| 2025-05-10 | Pending sale | $159,777 |
| 2025-05-09 | Listed for sale | $159,777 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-21 | $1562.00 | 5.83% | $91,100 | 16.65% |
| 2023-10-21 | $1476.00 | 10.81% | $78,100 | 5.83% |
| 2022-10-21 | $1332.00 | 4.39% | $73,800 | 10.81% |
Listed by: Brittney Ruston • 4Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516861
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.
