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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 1507 N Wabash Ave, Marion, IN, 46952 with 5% annual appreciation on a $210,000 basis while $2,362/mo rent supports operations. Total monthly income totals $2,362/mo and a $1,028/mo payment preserves $1,101/mo for cash returns. Annual cash flow comes to $13,215/yr on $69,615 deployed, and return on cash invested reaches 38.89% in year one. Equity gained on principal adds $1,355/yr, and five-year appreciation sums $58,019 alongside rental yield of 13.5%. Five-year ROI measures 204.44% and total cumulative return in cash totals $142,324.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,362/mo property income versus a $1,028/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1967
0.43 Acres lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-01-06 | Sold | $210,000 |
| 2024-11-19 | Pending sale | $215,000 |
| 2024-09-20 | Price change | $215,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-02 | $1588.00 | 11.20% | $175,100 | 10.26% |
| 2023-11-02 | $1428.00 | 7.85% | $158,800 | 11.20% |
| 2022-11-02 | $1324.00 | 2.32% | $142,800 | 7.85% |
Listed by: Suzie Mack • F.C. Tucker Realty Center
Mls Name: IRMLS
Mls Provider:
Mls ID: #202417208
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.
