614 N Lancelot DrMarionIN46952
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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 Marion at 614 N Lancelot Dr, Marion, IN, 46952 uses $43,062 cash to close to unlock $6,636/yr annual cash flow and $553/mo monthly cash flow. Total monthly income runs $1,333/mo, and a $636/mo payment keeps the spread at $553/mo. Purchase price stands at $129,900, and rental yield measures 12.31% with $1,333/mo rent. Return on cash invested shows 35.32% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 185.39% and total cumulative return in cash records $79,831. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,333/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1956
6,969 sqft lot
$N/A/sqft
No HOA
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Listed by: Jennifer Meyer • J Meyer Real Estate Services, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202523621
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