513 S Marion StBlufftonIN46714
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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 Bluffton at 513 S Marion St, Bluffton, IN, 46714 listed at $198,000 pairs $2,086/mo rent with a $969/mo payment to leave $898/mo cash flow. Total monthly income runs $2,086/mo, and annual cash flow reaches $10,771/yr on $65,637 cash to close. Return on cash invested measures 36.32% in year one, and rental yield registers 12.64% at a $198,000 basis. Equity gained on principal adds $1,278/yr, and annual property appreciation at 5% supports $54,704 by year five. Five-year ROI tracks 190.64% and total cumulative return in cash totals $125,128. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,086/mo property income relative to a $969/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1895
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46714, Bluffton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,868 (100%) |
| Owner Occupied HU | 4,405 (64.1%) |
| Renter Occupied HU | 1,952 (28.4%) |
| Vacant Housing Units | 511 ( 7.4%) |
| Median Home Value | $192,431 |
| Average Home Value | $229,887 |
Housing Distribution
Address Breakdown
Residential
6,622
Single Family
6,327
Multi-Family
295
Businesses
576
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Listed by: Rebecca Williams • F.C. Tucker Fort Wayne
Mls Name: IRMLS
Mls Provider:
Mls ID: #202422424
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.