Investment Properties Under $500K in Mount Vernon, IN | Ziffy.ai
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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

Property at 10619 Altheide Rd, Mount Vernon, IN
Listed for sale 3 days ago
$ 275,000
ROI
22.3ROI percentage
Cash Flow/m
Dollar sign195
  • 3 Bed
  • 2 Bath
  • 1620 sft
10619 Altheide Rd, Mount Vernon, IN, 47620
Property at 1136 E Water St, Mount Vernon, IN
$ 150,000
ROI
32.1ROI percentage
Cash Flow/m
Dollar sign514
  • 2 Bed
  • 1 Bath
  • 1102 sft
1136 E Water St, Mount Vernon, IN, 47620
Property at 1124 E 4th St, Mount Vernon, IN
$ 109,900
ROI
27.0ROI percentage
Cash Flow/m
Dollar sign221
  • 2 Bed
  • 1 Bath
  • 816 sft
1124 E 4th St, Mount Vernon, IN, 47620
Property at 300 Roosevelt Dr, Mount Vernon, IN
$ 259,900
ROI
23.1ROI percentage
Cash Flow/m
Dollar sign242
  • 3 Bed
  • 2 Bath
  • 1808 sft
300 Roosevelt 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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