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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 3 days ago
$ 299,900
ROI
24.2
Cash Flow/m
371- 3 Bed
- 3 Bath
- 2212 sft
1117 Pinehurst Dr, Mount Vernon, IN, 47620
Listed for sale 3 days ago
$ 172,500
ROI
30.4Cash Flow/m
513- 2 Bed
- 1 Bath
- 1176 sft
1127 N Canal St, Mount Vernon, IN, 47620
$ 247,000
ROI
21.3Cash Flow/m
106- 3 Bed
- 2 Bath
- 2376 sft
314 Riviera Dr, Mount Vernon, IN, 47620
$ 175,000
ROI
28.5Cash Flow/m
423- 3 Bed
- 1 Bath
- 1008 sft
724 E 10th 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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