1420 E 61st St, Marion, IN, 46953 | $544/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1420 E 61st St, Marion, IN, 46953 | $544/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 1420 E 61st St, Marion, IN, 46953 uses $51,349 cash to close to unlock $6,532/yr annual cash flow and $544/mo monthly cash flow. Total monthly income runs $1,474/mo, and a $758/mo payment keeps the spread at $544/mo. Purchase price stands at $154,900, and rental yield measures 11.42% with $1,474/mo rent. Return on cash invested shows 32.63% in year one, and 5% annual appreciation builds toward $42,796 over five years. Five-year ROI reaches 170.87% and total cumulative return in cash records $87,740. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,474/mo property income covering a $758/mo payment rather than investor’s personal income.

Single Family

Built in 1956

7,405 sqft lot

$N/A/sqft

No HOA

More details about the property

Start Showing Date: 7/9/2025 Step into this beautifully updated 3-bedroom, 1-bath home offering 1,008 sq ft of stylish, open-concept living. From top to bottom, this home has been thoughtfully renovated to provide comfort, efficiency, and peace of mind. Upgrades include: brand-new vinyl siding, roof, interior and exterior doors, and energy-efficient mini-split heating and cooling system. Inside, youll find all-new flooring, a sleek, modern kitchen with new cabinets and stainless steel appliances, and a fully remodeled bathroom with contemporary finishes.Additional highlights include an updated fireplace, a welcoming new front porch, new submersible well pump, and freshly landscaped yardperfect for relaxing or entertaining.Whether youre a first-time homebuyer or investor, this low-maintenance home offers incredible value and turnkey convenience.