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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Marion at 615 W Nelson St, Marion, IN, 46952 uses $36,432 cash to close to unlock $2,102/yr annual cash flow and $175/mo monthly cash flow. Total monthly income runs $835/mo, and a $538/mo payment keeps the spread at $175/mo. Purchase price stands at $109,900, and rental yield measures 9.12% with $835/mo rent. Return on cash invested shows 25.68% in year one, and 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 133.64% and total cumulative return in cash records $48,688. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $835/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1910
5,662 sqft lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2024-09-19 | Listed for sale | $109,900 |
| 2024-09-13 | Listing removed | $1,300 |
| 2024-08-12 | Listed for rent | $1,300 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-17 | $648.00 | N/A | $32,400 | N/A |
| 2022-10-17 | $648.00 | N/A | $32,400 | N/A |
| 2021-10-17 | $648.00 | N/A | $32,400 | N/A |
Listed by: Linda Kitts • Kitts Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202436367
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.
