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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 616 E Morton St #614-E, Marion, IN, 46952 listed at $133,000 pairs $1,044/mo rent with a $651/mo payment to leave $246/mo cash flow. Total monthly income runs $1,044/mo, and annual cash flow reaches $2,947/yr on $44,090 cash to close. Return on cash invested measures 26.59% in year one, and rental yield registers 9.42% at a $133,000 basis. Equity gained on principal adds $858/yr, and annual property appreciation at 5% supports $36,745 by year five. Five-year ROI tracks 138.5% and total cumulative return in cash totals $61,065. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,044/mo property income relative to a $651/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1930
8,712 sqft lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2024-12-20 | Sold | $133,000 |
| 2024-12-16 | Pending sale | $155,000 |
| 2024-10-08 | Listed for sale | $155,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Kerri Mitchener • Howell Realty Group, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202439073
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.
