507 Marshall St, Decatur, IN, 46733 | $34/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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507 Marshall St, Decatur, IN, 46733 | $34/mo Cash Flow | Ziffy

For Sale

Listed for sale 2 days ago

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

Rental property for sale in Decatur at 507 Marshall St, Decatur, IN, 46733 priced at $239,900 converts $1,474/mo rent into $34/mo cash flow after a $1,174/mo obligation. Total monthly income equals $1,474/mo, and annual cash flow totals $409/yr on $79,527 invested. Return on cash invested prints 20.42% in year one, and rental yield reads 7.37% against a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation compiles into $66,280 by year five. Five-year ROI reaches 105.41% and total cumulative return in cash sums $83,827. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,474/mo property income covering a $1,174/mo payment, not borrower’s personal income.

Single Family

Built in 1910

0.35 Acres lot

$N/A/sqft

No HOA

More details about the property

Awesome Find! This well-kept 4 bedroom, 2 full bath two story is located in Decatur close to downtown and is situated on 2 city lots!! Many updates over recent years include nearly all new windows, updated main level bathroom and a 2nd level full bath addition, large, updated kitchen, very clean Everdry basement with backup battery backup sump, Pex plumbing waterline system, heated detached garage, 2 large storage sheds, ADT security, updated Primary bedroom, new water softener, refreshed landscaping, maintenance free front porch and more! All appliances, a quaint arbor and swing stay, and the charming tree carving stay with the real estate. All information on the data sheet is deemed reliable but is not guaranteed.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46733, Decatur, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	8,091 (100%)
Owner Occupied HU	5,906 (73.0%)
Renter Occupied HU	1,700 (21.0%)
Vacant Housing Units	485 ( 6.0%)
Median Home Value	$216,630
Average Home Value	$273,796