1101 W Riga Ave, Marion, IN, 46952 | $210/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1101 W Riga Ave, Marion, IN, 46952 | $210/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

Rental property for sale in Marion at 1101 W Riga Ave, Marion, IN, 46952 generates $1,230/mo in rent and, after a $832/mo payment, leaves $210/mo in cash flow. Total monthly income is $1,230/mo, and annual cash flow is $2,516/yr on $56,322 invested. Return on cash invested sits at 24.38% in year one, and rental yield is 8.69% on a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 126.58% and total cumulative return in cash sums $71,294. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,230/mo property income rather than buyer’s personal income.

Single Family

Built in 1962

9,147 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this inviting tri-level in Lincolnshire. Tucked in a prime location close to schools, shopping, and restaurants, this home has been lovingly cared for and offers plenty of space to make lasting memories. Step inside to find a bright kitchen with fresh paint and new flooring, ready for your favorite meals and gatherings. Gorgeous hardwood floors flow through all three bedrooms, while the living room, dining room, and family room offer newer carpet to relax and entertain. The dining room features charming built-in shelves, perfect for displaying family treasures or your favorite decor. Recent updates to give you peace of mind, include a new water heater, new main sewer line, and radon mitigation system. Outside, the oversized fenced yard is a true backyard retreat shaded by mature trees with plenty of room to play, garden. or unwind. A mini barn adds extra storage for all of your outdoor needs. Plus, all appliances stay, making your move even easier. This home has the warmth, space, and updates you've been searching for- don't miss it!