2612 E Cherry Ln, Marion, IN, 46953 | $628/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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2612 E Cherry Ln, Marion, IN, 46953 | $628/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 2612 E Cherry Ln, Marion, IN, 46953 uses $71,239 cash to close to unlock $7,534/yr annual cash flow and $628/mo monthly cash flow. Total monthly income runs $1,918/mo, and a $1,052/mo payment keeps the spread at $628/mo. Purchase price stands at $214,900, and rental yield measures 10.71% with $1,918/mo rent. Return on cash invested shows 30.48% in year one, and 5% annual appreciation builds toward $59,373 over five years. Five-year ROI reaches 159.32% and total cumulative return in cash records $113,502. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,918/mo property income covering a $1,052/mo payment rather than investor’s personal income.

Single Family

Built in 1960

0.63 Acres lot

$N/A/sqft

No HOA

More details about the property

BROOKHAVEN! Edge of Town Living! Super 3 Bedroom, 2 Full Bath All Brick, Ranch Style Home! 2 Car Attached Garage. Spacious Living Room, Huge Eat-in Kitchen w/ SS Appliance Pkg that remains. Fabulous 30x11 All Season Florida Room spans the rear of home. Natural Hardwood Flooring throughout. Single Layer Roof Brand New in 2024, GFA Furnace & Central Air New in 2016. Water Heater in 2020. Updated Pex Plumbing. All replacement style windows throughout. New Ceiling Fans & LED Recessed Lighting throughout. Bonus 12x24 Storage Building with roll up door & electricity. Generous Lot Size .63 Acre! Brookhaven neighborhood features community park & lake for recreational access. Close proximity to South Marion Amenities including IWU, VA Hospital, Dining, Shopping, & close access to Gas City as well. Offering IMMEDIATE POSSESSION!