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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 816 E 2nd St, Mount Vernon, IN, 47620 generates $1,354/mo in rent and, after a $783/mo payment, leaves $394/mo in cash flow. Total monthly income is $1,354/mo, and annual cash flow is $4,725/yr on $53,007 invested. Return on cash invested sits at 28.82% in year one, and rental yield is 10.16% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 150.4% and total cumulative return in cash sums $79,722. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,354/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
10,018 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 |
|---|---|---|
| 2025-06-26 | Listed for sale | $159,900 |
| 2024-11-21 | Sold | $139,900 |
| 2024-10-18 | Pending sale | $139,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-26 | $933.97 | 22.03% | $65,400 | 22.47% |
| 2023-06-26 | $765.36 | 133.00% | $53,400 | 5.33% |
| 2022-06-26 | $328.48 | -3.69% | $50,700 | 7.87% |
Listed by: Deanne S Naas • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524485
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.
