1115 W 3rd St, Marion, IN, 46952 | $372/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1115 W 3rd St, Marion, IN, 46952 | $372/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 1115 W 3rd St, Marion, IN, 46952 uses $37,128 cash to close to unlock $4,462/yr annual cash flow and $372/mo monthly cash flow. Total monthly income runs $1,044/mo, and a $548/mo payment keeps the spread at $372/mo. Purchase price stands at $112,000, and rental yield measures 11.19% with $1,044/mo rent. Return on cash invested shows 31.93% in year one, and 5% annual appreciation builds toward $30,944 over five years. Five-year ROI reaches 167.07% and total cumulative return in cash records $62,031. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,044/mo property income covering a $548/mo payment rather than investor’s personal income.

Single Family

Built in 1900

0.32 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this spacious home with tons of character and opportunity to add your personal touch! Featuring large windows that flood the rooms with natural light, this property boasts generous square footage, original charm, and a solid layout ideal for creative renovation. The home includes multiple bedrooms, a full bath with a nice tile shower, and vintage features such as wide trim and solid wood doors. The living spaces offer a blank canvas for transformation, with great bones and plenty of room for customization. Whether you're looking to build equity or an investor seeking a project with solid upside. With a bit of vision and some updates, this house can truly become a gem. Don't miss the opportunity to make it your own or add it to your investment portfolio.