1028 N Wabash Ave, Marion, IN, 46952 | $292/mo Cash Flow

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1028 N Wabash Ave, Marion, IN, 46952 | $292/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Marion at 1028 N Wabash Ave, Marion, IN, 46952 offers a 9.36% rental yield on a $162,400 purchase with $1,267/mo rent. Total monthly income registers $1,267/mo, and a $795/mo payment leaves $292/mo available for distribution. Annual cash flow reaches $3,504/yr on $53,836 to close, and return on cash invested stands at 26.42% in year one. Equity gained on principal adds $1,048/yr while 5% annual appreciation supports $44,868 over five years. Portfolio math shows five-year ROI at 137.48% and total cumulative return in cash at $74,015. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,267/mo property income against a $795/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1933

0.94 Acres lot

$N/A/sqft

No HOA

More details about the property

AUCTION: Auction held onsite, Thursday, August 14, 2025, 6:00 PM Eastern | Open House Monday, July 21, 2025 & Monday, August 4, 2025, 5:00 - 6:30 PM Eastern| The price stated on this property is the assessed value. | This property may sell for more or less than the assessed value, depending on the outcome of the auction bidding. | $15,000 down day of the auction. | To see all terms, please visit our website. Nestled in Grant County, 1028 N Wabash AVE, MARION, IN, welcomes you to an inviting single-family residence, ready to embrace its residents. The living room serves as a comfortable and stylish area for relaxation and entertainment, enhanced by the intricate crown molding that adds a touch of sophistication, and a fireplace that serves as a focal point, radiating warmth and charm. In the kitchen, culinary enthusiasts will appreciate the convenience of the built-in refrigerator, seamlessly integrated into the design, offering both functionality and a sleek aesthetic. The bathroom becomes a personal retreat, featuring a walk-in shower for a refreshing experience and a double vanity that provides ample space and convenience. This residence offers four bedrooms, two full bathrooms, and a half bathroom, thoughtfully arranged within 1788 square feet of living area, providing practical comfort. Situated on a generous 41034 square foot lot in a residential area, this 1933-built home also features a laundry room and a walk-in closet, designed for modern living. This single-family residence offers a unique opportunity to own a home with both character and convenience.