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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Mount Vernon, IN
Fix & Flip
Listed for sale today
$ 119,500
ROI
25.7
Cash Flow/m
197- 3 Bed
- 1 Bath
- 1482 sft
2280 Curtis Rd, Mount Vernon, IN, 47620
Listed for sale today
$ 155,000
ROI
28.7Cash Flow/m
385- 2 Bed
- 1 Bath
- 1481 sft
505 W 2nd St, Mount Vernon, IN, 47620
Listed for sale today
$ 158,000
ROI
26.1Cash Flow/m
280- 3 Bed
- 1 Bath
- 1222 sft
1300 Harriett St, Mount Vernon, IN, 47620
Listed for sale 7 days ago
$ 215,000
ROI
21.0Cash Flow/m
77- 2 Bed
- 2 Bath
- 1684 sft
10317 Old Highway 62 E, Mount Vernon, IN, 47620
Why Invest in Mount Vernon, Indiana?
Investing in Mount Vernon, IN presents a unique opportunity, especially for properties under $500k. With an average rental yield of around 6% and a cap rate of approximately 7%, this city offers promising returns for investors. Furthermore, with population growth of 1% and rising rental demand, Mount Vernon is becoming increasingly attractive to potential landlords.
8%
Avg. ROI
6%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
As of now, the average property price in Mount Vernon is approximately $200,000, making it an affordable market for potential homeowners and investors. For properties under $500k, there are still plenty of options available.
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