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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Marion at 1406 W 38th St, Marion, IN, 46953 offers a 8.14% rental yield on a $214,900 purchase with $1,458/mo rent. Total monthly income registers $1,458/mo, and a $1,052/mo payment leaves $168/mo available for distribution. Annual cash flow reaches $2,014/yr on $71,239 to close, and return on cash invested stands at 22.74% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,373 over five years. Portfolio math shows five-year ROI at 117.77% and total cumulative return in cash at $83,898. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,458/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
0.50 Acres lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-06-10 | Sold | $214,900 |
| 2025-05-22 | Pending sale | $214,900 |
| 2025-05-20 | Listed for sale | $214,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-02 | $1664.00 | 134.43% | $85,600 | 2.88% |
| 2023-11-02 | $709.80 | 10.05% | $83,200 | 8.33% |
| 2022-11-02 | $644.96 | 17.34% | $76,800 | 9.71% |
Listed by: Joe Schroder • RE/MAX Realty One
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518581
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
