1515 W 4th St, Marion, IN, 46952 | $504/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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1515 W 4th St, Marion, IN, 46952 | $504/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 1515 W 4th St, Marion, IN, 46952 uses $59,637 cash to close to unlock $6,043/yr annual cash flow and $504/mo monthly cash flow. Total monthly income runs $1,584/mo, and a $881/mo payment keeps the spread at $504/mo. Purchase price stands at $179,900, and rental yield measures 10.57% with $1,584/mo rent. Return on cash invested shows 30.04% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 156.97% and total cumulative return in cash records $93,609. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,584/mo property income covering a $881/mo payment rather than investor’s personal income.

Single Family

Built in 1942

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

All the work is done...bring the furniture ! ! New metal roof, new replacement Reli-Built Windows, fresh paint on the aluminum siding. Beauty and charm with arched doorways throughout this Craftsman Style home built in 1942. Hardwood floors are refinished and like new. Beautiful new kitchen cabinets, counter top, sink and GE stainless appliance package with (Maytag) Washer & Dryer. Lots of new wiring and plumbing. The bath updated w/new sink base, toilet, and flooring. 3 bedrooms with large closets. The full basement has a fresh coat of paint also and lots of additional storage. Sump pump and floor drain. Two car detached garage has fresh paint and concrete floor, 1 door is inoperable. Newer high efficiency GFA. Immediate possession.