Under $500K Investment Properties for Sale in Mount Vernon, IN

Property at 1812 Hereford Dr, Mount Vernon, IN
Listed for sale 1 day ago
$ 224,900
ROI
33.6ROI percentage
Cash Flow/m
Dollar sign864
  • 3 Bed
  • 2 Bath
  • 2028 sft
1812 Hereford Dr, Mount Vernon, IN, 47620
Property at 10300 S Eastgate Dr, Mount Vernon, IN
$ 255,000
ROI
24.4ROI percentage
Cash Flow/m
Dollar sign332
  • 3 Bed
  • 2 Bath
  • 1330 sft
10300 S Eastgate Dr, Mount Vernon, IN, 47620
Property at 6200 Chesapeake Dr, Mount Vernon, IN
$ 224,900
ROI
32.1ROI percentage
Cash Flow/m
Dollar sign772
  • 3 Bed
  • 2 Bath
  • 1200 sft
6200 Chesapeake Dr, Mount Vernon, IN, 47620
Property at 219 E 2nd St, Mount Vernon, IN
$ 229,900
ROI
27.2ROI percentage
Cash Flow/m
Dollar sign476
  • 3 Bed
  • 2 Bath
  • 2029 sft
219 E 2nd St, 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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