8870 Barter RdMount 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 8870 Barter Rd, Mount Vernon, IN, 47620 earns $505/mo cash flow from $1,934/mo rent with a $1,165/mo payment. Total monthly income totals $1,934/mo, and annual cash flow totals $6,063/yr on $78,897 capital. ROI tracks 27.59% on current figures, and rental yield reads 9.75% at a $238,000 purchase. Equity gained on principal adds $1,536/yr, and 5% annual appreciation supports $65,755 over five years. Five-year ROI reaches 143.85% and total cumulative return in cash sums $113,494. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,934/mo property income instead of your personal income.
Single Family
Built in 2008
3.17 Acres 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: Amanda Conyers • Elite Home and Land Realty
Mls Name: IRMLS
Mls ID: #202601824