246 N 500 E #193, Marion, IN, 46952 | $421/mo Cash Flow

Off market

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
1161 sft

1108 N High St, Hartford City, IN, 47348

3 Bed
2 Bath
1456 sft

3442 S Lincoln Blvd, Marion, IN, 46953

3 Bed
2 Bath
1656 sft

916 W Bannister Dr, Marion, IN, 46953

3 Bed
2 Bath
1152 sft

622 South St, Upland, IN, 46989

Nearby investment properties with comparable prices

3 Bed
1 Bath
1288 sft

213 E South G St, Gas City, IN, 46933

2 Bed
1 Bath
759 sft

816 W Chestnut St, Hartford City, IN, 47348

3 Bed
1 Bath
1008 sft

2906 S Hamaker St, Marion, IN, 46953

2 Bed
1 Bath
816 sft

517 S Richmond St, Hartford City, IN, 47348

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Marion at 246 N 500 E #193, Marion, IN, 46952 generates $1,230/mo in rent and, after a $660/mo payment, leaves $421/mo in cash flow. Total monthly income is $1,230/mo, and annual cash flow is $5,047/yr on $44,686 invested. Return on cash invested sits at 31.2% in year one, and rental yield is 10.95% on a $134,800 entry. Equity gained on principal adds $870/yr, while 5% annual appreciation builds toward $37,243 over five years. Five-year ROI reaches 163.21% and total cumulative return in cash sums $72,934. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,230/mo property income rather than buyer’s personal income.

Manufactured

Built in 2025

N/A lot

$N/A/sqft

No HOA