935 S County Road 185 ENorth VernonIN47265
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 935 S County Road 185 E, North Vernon, IN, 47265 in North Vernon worth study. Rental yield 4.5%. The 4.5% gross yield is below cash-flow benchmarks at $319,999, but 5% annual appreciation, adding $88,410 over five years, frames this as a capital growth position. Rent of $1,200/mo partially offsets the $1,439/mo payment. Ziffy Mortgage finances appreciation-play properties (0.83 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $74,707.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.5% | 7.0% |
| Monthly Cash Flow | $(721) | $350 |
City averages based on North Vernon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,200 |
| Total Monthly Debt Service | $1,794 |
| DSCR Ratio | 0.67x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1999
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47265, North Vernon, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,430 (100%) |
| Owner Occupied HU | 5,736 (68.0%) |
| Renter Occupied HU | 1,939 (23.0%) |
| Vacant Housing Units | 755 ( 9.0%) |
| Median Home Value | $172,770 |
| Average Home Value | $218,044 |
Housing Distribution
Address Breakdown
Residential
8,087
Single Family
7,915
Multi-Family
172
Businesses
506
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1999
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47265, North Vernon, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,430 (100%) |
| Owner Occupied HU | 5,736 (68.0%) |
| Renter Occupied HU | 1,939 (23.0%) |
| Vacant Housing Units | 755 ( 9.0%) |
| Median Home Value | $172,770 |
| Average Home Value | $218,044 |
Housing Distribution
Address Breakdown
Residential
8,087
Single Family
7,915
Multi-Family
172
Businesses
506
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Andrew Flora • 1 Percent Lists Indiana Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22078276