822 S Branson St · Marion, IN 46953

$140,000

3 bd · 2.0 ba · 2,706 sqft · SingleFamily public records · 103 Days on market

Built 2021 2,614 sqft lot $52/sqft · 33% above area Est $105k · 33% over

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Why this score? — see what drove the D- 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 +18.9/30.0
• DSCR +6.0/10.0
• 1% rule +4.9/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming, updated, and income-producing, this beautiful 5-bedroom, 3-bath property offers incredible flexibility as a thriving Bed & Breakfast or a spacious private residence. Currently operating as Branson House Bed & Breakfast (Bransonhousebb. com), the home blends timeless character with extensive modern updates, giving you both charm and peace of mind. Major improvements include a newer roof, two furnaces and two central air units, full rewiring and replumbing, a brand-new sewer line out front, a built-in whole-home dehumidifier system, and 13 solar panels for energy efficiency. Natural light fills the home, highlighting the inviting spaces, walk-in closets, and warm details throughout. Outside, an adorable new fence, welcoming walkway, and charming entry arch create unforgettable curb appeal. Whether you’re looking to continue operating a successful Bed & Breakfast, generate income while living onsite, or simply enjoy it as a spacious 5-bedroom, 3-bath home, this property offers versatility, efficiency, and abundant charm in one exceptional opportunity.

Key facts

• Full rewiring
• Newer roof
• Replumbing

Tags

• NEWER ROOF
• TWO FURNACES
• TWO CENTRAL AIR UNITS
• FULL REWIRING
• REPLUMBING
• NEW SEWER LINE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $143 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $139k (0.8% below list).
• Recommended offer: $127k (9.0% below list) — sets the bar for market timing.

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: Riverview Elementary School (math 42% / reading 27%, grade F, #597 of 994 statewide, top 63%, 396 students, 72% 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) — zoned schools at 71% FRL track the district average.
• 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).
• This rent runs 36% of the median local income ($46k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $968 of loan paydown is wiped out by about $4k 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.

Negotiation context

• It's been on market 103 days — a 9% lower offer ($127k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Recommended offer $127,400 (9.0% below list)

Questions for the listing agent

1. It's been on market 103 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. 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.
7. 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.
8. 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: 0.99% ✗
• Cap rate: 7.52%
• Cash-on-cash: 4.38%
• DSCR: 1.20
• GRM: 8.4

CMA / ARV

• ARV (median comp): $105,199
• List price: $140,000
• Delta: 33.08%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
608 W 3rd St	0.58mi	3/1.5	2,699 (-0%)	1mo	$67,000	$25	70
620 W 6th St	0.51mi	4/2.0 (+1)	2,678 (-1%)	6mo	$105,000	$39	64
815 S Boots St	0.17mi	4/2.0 (+1)	3,070 (+14%)	15mo	$13,000	$4	52
720 W 7th St	0.55mi	2/1.5 (-1)	2,808 (+4%)	15mo	$60,000	$21	49
614 W Nelson St	0.73mi	3/1.5	2,470 (-9%)	12mo	$122,000	$49	40
512 W 1st St	0.66mi	3/1.0	2,396 (-12%)	14mo	$69,900	$29	35
205 N Nebraska St	0.66mi	3/2.0	2,400 (-11%)	20mo	$172,500	$72	33
803 W 2nd St	0.71mi	3/2.0	2,300 (-15%)	12mo	$123,500	$54	32
204 S Race St	0.57mi	4/4.0 (+1)	2,336 (-14%)	20mo	$30,000	$13	21

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: -9.4%
• Equity multiple: 0.65×
• Total profit: $-13,554
• Equity at exit: $20,874

10-year hold

• IRR: -0.0%
• Equity multiple: 1.00×
• Total profit: $-8
• Equity at exit: $12,105

Cash invested: $39,200 (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: 8.4×

Monthly cashflow live

• Estimated rent: $1,389 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$162 /mo · $1,940/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$292
• Net cashflow: $143

Break-even live

Break-even rent $1,208

Max offer price $140,000

Occupancy floor 85%

Sensitivity live

Price	-10% $222	-5% $183	+0% $143	+5% $104	+10% $64
Rent	-10% $33	-5% $88	+0% $143	+5% $198	+10% $253
Rate	-1.0pp $214	-0.5pp $179	base $143	+0.5pp $107	+1.0pp $70

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
511 W Buckingham Dr Marion, IN	3.0	2.0	1942	$2,000	$1.03	45d	1	1.30mi

Listing history 10 events

1. 2026-06-09
   days on market $140,000 Active 103 DOM
2. 2026-06-08
   days on market $140,000 Active 102 DOM
3. 2026-06-07
   days on market $140,000 Active 101 DOM
4. 2026-06-02
   days on market $140,000 Active 96 DOM
5. 2026-06-01
   days on market $140,000 Active 95 DOM
6. 2026-05-31
   days on market $140,000 Active 94 DOM
7. 2026-05-30
   days on market $140,000 Active 93 DOM
8. 2026-05-14
   historical Active Under Contract 1098-char remark

   Show marketing remark (1098 chars)

   Charming, updated, and income-producing, this beautiful 5-bedroom, 3-bath property offers incredible flexibility as a thriving Bed & Breakfast or a spacious private residence. Currently operating as Branson House Bed & Breakfast (Bransonhousebb. com), the home blends timeless character with extensive modern updates, giving you both charm and peace of mind. Major improvements include a newer roof, two furnaces and two central air units, full rewiring and replumbing, a brand-new sewer line out front, a built-in whole-home dehumidifier system, and 13 solar panels for energy efficiency. Natural light fills the home, highlighting the inviting spaces, walk-in closets, and warm details throughout. Outside, an adorable new fence, welcoming walkway, and charming entry arch create unforgettable curb appeal. Whether you’re looking to continue operating a successful Bed & Breakfast, generate income while living onsite, or simply enjoy it as a spacious 5-bedroom, 3-bath home, this property offers versatility, efficiency, and abundant charm in one exceptional opportunity.

9. 2026-02-26
   listed $140,000 Active 1098-char remark

   Show marketing remark (1098 chars)

   Charming, updated, and income-producing, this beautiful 5-bedroom, 3-bath property offers incredible flexibility as a thriving Bed & Breakfast or a spacious private residence. Currently operating as Branson House Bed & Breakfast (Bransonhousebb. com), the home blends timeless character with extensive modern updates, giving you both charm and peace of mind. Major improvements include a newer roof, two furnaces and two central air units, full rewiring and replumbing, a brand-new sewer line out front, a built-in whole-home dehumidifier system, and 13 solar panels for energy efficiency. Natural light fills the home, highlighting the inviting spaces, walk-in closets, and warm details throughout. Outside, an adorable new fence, welcoming walkway, and charming entry arch create unforgettable curb appeal. Whether you’re looking to continue operating a successful Bed & Breakfast, generate income while living onsite, or simply enjoy it as a spacious 5-bedroom, 3-bath home, this property offers versatility, efficiency, and abundant charm in one exceptional opportunity.

10. 2024-08-19
    listed $365,000 Active

ⓘ 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: $1,940 · $162/mo
• Projected year-2 tax: $1,940 · $162/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 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥100°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,669
• − Mortgage interest: −$7,842
• − Property taxes: −$1,940
• − Insurance: −$700
• − Repairs & maintenance: −$1,333
• − Management: −$1,333
• − Depreciation: −$4,073
• Taxable loss: −$553
• Est. tax savings @ 24.0%: +$133
• After-tax cash flow: $1,851/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

-61.6% since first listed

3 events — show timeline

• 2026-05-14 Contingent — IRMLS
• 2026-02-26 Listed $140,000 IRMLS
• 2024-08-19 Listed $365,000 IRMLS

Property tax history

+12.8%/yr

Latest (2025): $1,940 · +122.0% YoY. Source: county tax records.