917 Mill St, Mount Vernon, IN, 47620 | 6.9% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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917 Mill St, Mount Vernon, IN, 47620 | 6.9% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Mount Vernon at 917 Mill St, Mount Vernon, IN, 47620 offers a 6.9% rental yield on a $399,900 purchase with $2,301/mo rent. 01% in year one. Equity gained on principal adds $2,580/yr while 5% annual appreciation supports $110,485 over five years. Portfolio math shows five-year ROI at 97.78% and total cumulative return in cash at $129,620. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,301/mo property income against a $1,957/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1836

1 Acres lot

$N/A/sqft

No HOA

More details about the property

Robin Hill is awaiting it's new owners! Don't miss this rare opportunity to own an extraordinary piece of Southern Indiana's history that has been beautifully updated for modern living and perfectly situated on a picturesque 1-acre lot in Mount Vernon, IN. Originally built in 1836, this stunning plantation-style residence has been thoughtfully transformed while preserving its timeless architectural charm. From the moment you enter, you are greeted by a breathtaking oak staircase, rich hardwood flooring, and expansive windows that flood the home with natural light. The gourmet kitchen impresses with granite countertops, glazed hardwood cabinetry, stainless steel appliances, gas range with pot filler, and a dedicated wine cooler just perfect for both everyday living and entertaining. Offering 5 spacious bedrooms and 3.5 bathrooms, the home features an impressive primary suite complete with a luxurious bath showcasing double granite vanities, a whirlpool tub, and a separate tiled shower. With over 5,500 sq ft of living space and eight fireplaces, this home provides an abundance of room for gatherings or quiet moments with family. Additional interior highlights include a newer ceramic-tiled sunroom and a large formal dining room, which is currently being used as a second sitting room. The exterior is equally captivating, boasting a newer second-floor balcony and a beautifully designed outdoor entertainment area in the back complete with a pergola. A large driveway and detached 2-car garage offer ample parking for residents and guests. Robin Hill is a perfect blend of historical elegance and modern comfort, an iconic residence ready to welcome it's next chapter.

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