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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 4 days ago
$ 369,900
ROI
31.0
Cash Flow/m
1156- 3 Bed
- 4 Bath
- 3376 sft
1200 Pinehurst Dr, Mount Vernon, IN, 47620
Listed for sale 4 days ago
$ 202,900
ROI
30.2Cash Flow/m
592- 3 Bed
- 2 Bath
- 1667 sft
718 Davis Dr, Mount Vernon, IN, 47620
Listed for sale 7 days ago
$ 279,900
ROI
29.0Cash Flow/m
721- 4 Bed
- 3 Bath
- 2103 sft
1624 Terrace Dr, Mount Vernon, IN, 47620
$ 209,900
ROI
25.7Cash Flow/m
349- 3 Bed
- 2 Bath
- 1148 sft
330 Vista 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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