505 E Marion AveArcadiaIN46030
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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
Investment Highlights
Investment property for sale in Arcadia at 505 E Marion Ave, Arcadia, IN, 46030 uses $64,609 cash to close to unlock $8,760/yr annual cash flow and $730/mo monthly cash flow. Total monthly income runs $1,900/mo, and a $954/mo payment keeps the spread at $730/mo. Purchase price stands at $194,900, and rental yield measures 11.7% with $1,900/mo rent. Return on cash invested shows 33.47% in year one, and 5% annual appreciation builds toward $53,847 over five years. Five-year ROI reaches 175.28% and total cumulative return in cash records $113,247. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,900/mo property income covering a $954/mo payment rather than investor’s personal income.
Manufactured
Built in 1988
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46030, Arcadia, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,284 (100%) |
| Owner Occupied HU | 944 (73.5%) |
| Renter Occupied HU | 273 (21.3%) |
| Vacant Housing Units | 67 ( 5.2%) |
| Median Home Value | $326,429 |
| Average Home Value | $423,350 |
Housing Distribution
Address Breakdown
Residential
761
Single Family
761
Multi-Family
0
Businesses
61
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