1516 N Wabash Ave, Marion, IN, 46952 | $486/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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1516 N Wabash Ave, Marion, IN, 46952 | $486/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 1516 N Wabash Ave, Marion, IN, 46952 uses $67,261 cash to close to unlock $5,833/yr annual cash flow and $486/mo monthly cash flow. Total monthly income runs $1,704/mo, and a $993/mo payment keeps the spread at $486/mo. Purchase price stands at $202,900, and rental yield measures 10.08% with $1,704/mo rent. Return on cash invested shows 28.58% in year one, and 5% annual appreciation builds toward $56,058 over five years. Five-year ROI reaches 149.16% and total cumulative return in cash records $100,326. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,704/mo property income covering a $993/mo payment rather than investor’s personal income.

Single Family

Built in 1964

0.39 Acres lot

$N/A/sqft

No HOA

More details about the property

NEW LISTING! PROFESSIONAL PHOTOS COMING SOON! Welcome home to this charming brick ranch featuring a welcoming open front porch, perfect for enjoying peaceful sunsets. Inside, youll find a spacious living room and family room, a kitchen with abundant cabinetry and a convenient breakfast bar, and a large laundry room with generous built-in storage. This home offers 3 bedrooms, 1.5 baths, and beautiful original hardwood floors in excellent condition. Sliding doors lead to the backyard, where youll find a storage shed and plenty of outdoor space. Additional features include GFA heat, central air, city sewer, and well water. A wonderful home with great character, more details and photos coming soon!