715 E 30th St · Marion, IN 46953

$68,000

3 bd · 1.0 ba · 876 sqft · SingleFamily public records · 20 Days on market

Built 1900 5,980 sqft lot Est $97k · 30% under

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks

This property represents a high-yield, low-volatility acquisition opportunity within the stable housing market of Marion, Indiana. Targeted specifically at the workforce housing demographic, this asset is designed to generate consistent, passive cash flow through long-term tenant occupancy. The property's fundamental metrics-a 3-bedroom, 1-bath footprint-place it squarely in the "sweet spot" for local rental demand, ensuring that the property remains competitive against both higher-cost alternatives and lower-quality housing stock. PROPERTY HIGHLIGHTS Rental Demand: The 3-bedroom, 1-bath configuration is a versatile product type, appealing to small families and long-term tenan

Key facts

• 5,980 sq ft lot
• Built 1900
• Listed 19 days

Property features AI

Exterior

• Security: Smoke detector(s)
• Utilities: Public water; Municipal sewer connected; No solid waste service listed
• Home design: Single family residence; Updated/remodeled condition; One story
• Construction: Vinyl siding; Crawl space foundation
• Exterior features: Wrap-around porch; Has a view; Lot under 1/4 acre

Interior

• Kitchen: Kitchen (14 x 13); Microwave; Refrigerator
• Bedrooms: 3 bedrooms on the main level; Bedroom 2 (12 x 10); Bedroom 3 (10 x 10)
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Pantry; Walk-in closet(s); Living room (10 x 15)
• Laundry & utility: Water heater

🏷️ Possibly a rental listed for sale. The $68,000 price doesn't fit this home's estimated sale value (~$97,236) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $68k.

Deal economics

• At list price, monthly cash flow is $402 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $68k).
• Recommended offer: $67k (1.5% below list) — sets the bar for market timing.
• Cap rate 13.4% vs local median 8.2% in Marion — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 65/100 on livability (#337 in IN) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, employment F.
• Marion Community Schools (town): math 18% / reading 24% proficiency, ranked #277 of 301 in IN (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Allen Elementary School (math 22% / reading 17%, grade F, #814 of 994 statewide, top 83%, 399 students, 84% FRL); John L Mcculloch Junior High Sch (math 11% / reading 22%, grade F, #287 of 330 statewide, top 88%, 524 students, 74% FRL); Marion High School (math 12% / reading 47%, grade F, #308 of 369 statewide, top 84%, 1,050 students, 66% FRL).
• Market conditions: 114 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 52 units permitted in Grant County in 2024 (8 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $470 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Grant County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $19k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($67k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $66,980 (1.5% below list)

Questions for the listing agent

1. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.65% ✓
• Cap rate: 13.39%
• Cash-on-cash: 25.34%
• DSCR: 2.13
• GRM: 5.1

CMA / ARV

• ARV (on-the-fly): $97,236
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2722 S Home Ave	0.19mi	2/1.0 (-1)	868 (-1%)	6mo	$58,000	$67	80
3216 S Overman St	0.24mi	2/1.0 (-1)	880 (+0%)	11mo	$75,000	$85	74
8 Valley Ct	0.45mi	3/1.0	912 (+4%)	6mo	$122,000	$134	67
1521 E 33rd St	0.64mi	3/1.0	896 (+2%)	2mo	$75,000	$84	65
2701 S Washington St	0.42mi	2/1.0 (-1)	852 (-3%)	8mo	$25,500	$30	64
1122 E 27th St	0.43mi	3/1.0	976 (+11%)	9mo	$108,500	$111	53
3411 S Home Ave	0.53mi	2/1.0 (-1)	804 (-8%)	6mo	$97,200	$121	52
3312 S Overman Ave	0.34mi	2/2.0 (-1)	768 (-12%)	7mo	$96,900	$126	49
3639 S Felton St	0.73mi	3/1.0	960 (+10%)	9mo	$74,000	$77	42
1607 E 33rd St	0.70mi	3/1.0	1,000 (+14%)	6mo	$44,900	$45	38
2114 S Branson St	0.59mi	3/1.5	1,000 (+14%)	10mo	$120,000	$120	38
3213 S Curfman Rd	0.66mi	3/1.0	988 (+13%)	13mo	$110,000	$111	37

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 18.9%
• Equity multiple: 1.77×
• Total profit: $14,609
• Equity at exit: $10,139

10-year hold

• IRR: 27.3%
• Equity multiple: 3.40×
• Total profit: $45,789
• Equity at exit: $5,879

Cash invested: $19,040 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Indiana: 90 Strongly Landlord-Friendly · R+11
• County: — inherits STATE
• City: — inherits STATE

10-day pay-or-quit; landlord-favorable; preempted.

Methodology + full state rankings →

ZIP-level market 46953

• Home prices YoY: -23.4%
• Active inventory: 114
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $1,119 medium
• Mortgage (P&I): −$357
• Tax from tax record: −$97 /mo · $1,164/yr
• Insurance: −$28
• HOA: −$0
• Vacancy / Maint / Mgmt: −$235
• Net cashflow: $402

Break-even live

Break-even rent $610

Max offer price $68,000

Occupancy floor 59%

Sensitivity live

Price	-10% $440	-5% $421	+0% $402	+5% $383	+10% $364
Rent	-10% $314	-5% $358	+0% $402	+5% $446	+10% $490
Rate	-1.0pp $436	-0.5pp $419	base $402	+0.5pp $384	+1.0pp $366

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $17,000
• Closing costs: $2,040
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
703 E 28th St Marion, IN	2.0	1.0	1085	$1,200	$1.11	45d	1	0.14mi

Listing history 14 events

1. 2026-06-21
   days on market $68,000 Active 20 DOM
2. 2026-06-19
   days on market $68,000 Active 18 DOM
3. 2026-06-18
   days on market $68,000 Active 17 DOM
4. 2026-06-17
   days on market $68,000 Active 16 DOM
5. 2026-06-16
   days on market $68,000 Active 15 DOM
6. 2026-06-15
   days on market $68,000 Active 14 DOM
7. 2026-06-14
   days on market $68,000 Active 12 DOM
8. 2026-06-12
   days on market $68,000 Active 11 DOM
9. 2026-06-09
   days on market $68,000 Active 8 DOM
10. 2026-06-09
    price $68,000 Active 7 DOM
11. 2026-06-08
    days on market $74,900 Active 7 DOM
12. 2026-06-07
    days on market $74,900 Active 6 DOM
13. 2026-06-02
    remarks 689-char remark
14. 2026-06-02
    listed $74,900 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IN · Partial reset (capped growth)

• Current annual tax: $1,164 · $97/mo
• Projected year-2 tax: $1,164 · $97/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥100°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,427
• − Mortgage interest: −$3,809
• − Property taxes: −$1,164
• − Insurance: −$340
• − Repairs & maintenance: −$1,074
• − Management: −$1,074
• − Depreciation: −$1,978
• Taxable income: $3,987
• Est. tax owed @ 24.0%: −$957
• After-tax cash flow: $3,867/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Marion Community Schools
• NCES district ID: 1806390
• Math proficiency: 18% ▼ -9.00%
• Reading proficiency: 24% ▼ -6.00%
• Median HH income: $33,415
• Composite: 17.13/100
• National rank: #9115
• State rank: #277 of 301 in IN

Livability — Marion

• Score: 65/100
• State rank: #337
• US rank: #13006

Category grades

Amenities F Commute F Cost of living A+ Crime A+ Employment F Housing A+ Health & safety D- User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Marion, IN
• County: Grant County · 41,561 people
• City population: 41,561
• Metro: Marion, IN
• Population (ZIP): 23,372
• Household income: $46,288
• Rent vs Own: 32.2% rent · 67.8% own
• Severe rent burden: 597.0

Population outlook (Grant County) Hauer SSP2

• Today (2025): 64,394 people
• By 2030: 62,145 · -3.5%
• By 2040: 57,252 · -11.1%
• By 2050: 52,968 · -17.7%
• By 2075: 45,986 · -28.6%
• By 2100: 39,400 · -38.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Black 10% Two or more races 9% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Italian 3% Iranian 1% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Grant

• 2024 margin: Solid R (+41.8) · D 28.2% · R 70.0% · Other 1.9%
• 2008→2024 swing: -28.7pp toward R · 2008: -13.1pp · 2024: -41.8pp
• All cycles: 2024: R+41.8 2020: R+38.8 2016: R+39.5 2012: R+22.0 2008: R+13.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -52.47%
• Current HPI: 171.7246
• Rent YoY: —
• Metro: Marion, IN
• State GDP YoY: ▲ 2.90%
• F500 in state: 18

Industry mix (Fortune 500 HQ in IN)

Industry	F500 HQs	Revenue
▸Industrial Machinery	2	$37B
▸Healthcare	1	$177B
▸Pharmaceuticals	1	$45B
▸Metals / Steel	1	$18B
▸Agriculture	1	$17B
▸Packaging	1	$12B

Price history

1 event — show timeline

• 2026-06-01 Listed $74,900 MIBOR as Distributed by MLS Grid

Property tax history

+1.5%/yr

Latest (2025): $1,164 · +123.8% YoY. Source: county tax records.