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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 928 E Sherman St, Mount Vernon, IN, 47620 generates $1,458/mo in rent and, after a $776/mo payment, leaves $506/mo in cash flow. Total monthly income is $1,458/mo, and annual cash flow is $6,076/yr on $52,543 invested. Return on cash invested sits at 31.47% in year one, and rental yield is 11.04% on a $158,500 entry. Equity gained on principal adds $1,023/yr, while 5% annual appreciation builds toward $43,791 over five years. Five-year ROI reaches 164.69% and total cumulative return in cash sums $86,531. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,458/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
4,356 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 |
|---|---|---|
| 2025-08-22 | Sold | $158,500 |
| 2025-07-23 | Pending sale | $158,000 |
| 2025-07-06 | Price change | $158,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-09 | $979.00 | 6.76% | $113,900 | 16.34% |
| 2023-10-09 | $917.00 | 29.05% | $97,900 | 6.76% |
| 2022-10-09 | $710.56 | -12.06% | $91,700 | 14.20% |
Listed by: Eric Walker • Catanese Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202525642
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.
