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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% |
Investment property for sale in Mount Vernon at 812 Walnut St, Mount Vernon, IN, 47620 with 5% annual appreciation on a $265,000 basis while $1,873/mo rent supports operations. Total monthly income totals $1,873/mo and a $1,297/mo payment preserves $282/mo for cash returns. Annual cash flow comes to $3,387/yr on $87,848 deployed, and return on cash invested reaches 23.77% in year one. Equity gained on principal adds $1,710/yr, and five-year appreciation sums $73,215 alongside rental yield of 8.48%. Five-year ROI measures 123.31% and total cumulative return in cash totals $108,327.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,873/mo property income versus a $1,297/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
9,801 sqft 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Cyndie Gish • Kinney Realty & Development
Mls Name: IRMLS
Mls ID: #202542178
