716 E 5th StMount VernonIN47620
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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
Investment Highlights
Investment property for sale in Mount Vernon at 716 E 5th St, Mount Vernon, IN, 47620 earns $510/mo cash flow from $1,321/mo rent with a $661/mo payment. Total monthly income totals $1,321/mo, and annual cash flow totals $6,124/yr on $44,753 capital. ROI tracks 33.59% on current figures, and rental yield reads 11.74% at a $135,000 purchase. Equity gained on principal adds $871/yr, and 5% annual appreciation supports $37,298 over five years. Five-year ROI reaches 176.06% and total cumulative return in cash sums $78,793. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,321/mo property income instead of your personal income.
Single Family
Built in 1918
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47620, Mount Vernon, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
5,545
Single Family
5,366
Multi-Family
179
Businesses
375
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Listed by: Evan Birch • eXp Realty, LLC
Mls Name: IRMLS
Mls ID: #202543424