821 Mill 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 821 Mill St, Mount Vernon, IN, 47620 uses $51,383 cash to close to unlock $3,867/yr annual cash flow and $322/mo monthly cash flow. Total monthly income runs $1,253/mo, and a $759/mo payment keeps the spread at $322/mo. Purchase price stands at $155,000, and rental yield measures 9.7% with $1,253/mo rent. Return on cash invested shows 27.43% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 143.03% and total cumulative return in cash records $73,492. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,253/mo property income covering a $759/mo payment rather than investor’s personal income.
Single Family
Built in 1900
4,791 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: Kara Hinshaw • Key Associates Signature Realty
Mls Name: IRMLS
Mls ID: #202601202