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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
Listed for sale 1 day ago
$ 165,000
ROI
25.9
Cash Flow/m
282- 3 Bed
- 2 Bath
- 1271 sft
831 Mill St, Mount Vernon, IN, 47620
Listed for sale 2 days ago
$ 149,900
ROI
32.0Cash Flow/m
510- 3 Bed
- 1 Bath
- 1300 sft
409 E Water St, Mount Vernon, IN, 47620
Listed for sale 7 days ago
$ 464,500
ROI
24.1Cash Flow/m
563- 3 Bed
- 4 Bath
- 3316 sft
2000 Greenbrier Dr, Mount Vernon, IN, 47620
$ 145,000
ROI
28.8Cash Flow/m
366- 2 Bed
- 1 Bath
- 864 sft
1850 Westwood Dr, 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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