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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 9600 Old Highway 62 E, Mount Vernon, IN, 47620 generates $1,458/mo in rent, after a $1,220/mo payment. Total monthly income is $1,458/mo. Return on cash invested sits at 18.9% in year one, and rental yield is 7.02% on a $249,200 entry. Equity gained on principal adds $1,608/yr, while 5% annual appreciation builds toward $68,849 over five years. Five-year ROI reaches 97.38% and total cumulative return in cash sums $80,447. 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 1955
0.26 Acres 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 |
|---|---|---|
| 2025-07-17 | Listing removed | $250,000 |
| 2025-05-22 | Contingent | $250,000 |
| 2025-05-12 | Listed for sale | $250,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $2446.74 | 205.79% | $136,200 | -6.78% |
| 2023-10-24 | $800.14 | 4845.24% | $146,100 | 13.96% |
| 2022-10-24 | $16.18 | 5.06% | $128,200 | 15.39% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
