805 Smith RdMount VernonIN47620
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 805 Smith Rd, Mount Vernon, IN, 47620 at $240,000 posts ROI 24.07% with $276/mo cash flow from $1,717/mo rent. Total monthly income equals $1,717/mo, and annual cash flow records $3,312/yr on $79,560 to close. Return on cash invested measures 24.07% and rental yield reads 8.58% at the current $240,000. Equity gained on principal adds $1,549/yr, and 5% annual appreciation supports $66,308 by year five. Five-year ROI prints 124.9% and total cumulative return in cash totals $99,374.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,717/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1985
10,799 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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Nearby investment properties with comparable prices
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