214 N D St · Marion, IN 46952

$123,000

3 bd · 1.5 ba · 1,792 sqft · SingleFamily public records · 125 Days on market

Built 1920 6,322 sqft lot $69/sqft · 25% above area Est $98k · 25% over

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Why this score? — see what drove the C 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 +28.3/30.0
• DSCR +10.0/10.0
• 1% rule +7.4/10.0
• 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

Make this spacious 3 bedroom yours! Almost 1800 sqft of living space! The main level features a living room with original hardwood floors and a large eat-in kitchen updated in 2015. The kitchen comes equipped with all appliances, a breakfast bar, and plenty of cabinet space. The family room was an addition; it's the only room that runs on electric baseboard heating. The first bedroom on the main level has an attached half bath, and in the closet is a hookup for a washer and dryer, if you prefer to have it on the main level instead of the basement. Upstairs features 2 more bedrooms with original hardwood floors and a full bath that was updated in 2024. Additional updates include a new furnace and a/c in 2017, a new roof on the house in 2024, and updated PEX plumbing, vinyl plank flooring, and some vinyl replacement windows. Home is being sold as is.

Key facts

• Large eat-in kitchen
• Attached half bath
• Full bath

Tags

• ORIGINAL HARDWOOD FLOORS
• LARGE EAT-IN KITCHEN
• BREAKFAST BAR
• ATTACHED HALF BATH
• HOOKUP FOR WASHER AND DRYER
• FULL BATH

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $123k.

Deal economics

• At list price, monthly cash flow is $395 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $123k).
• Recommended offer: $108k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.1% vs local median 8.2% in Marion — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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: schools F, amenities F, commute 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.
• Market conditions: 126 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 52 units permitted in Grant County in 2024 (8 in 5+ unit buildings).
• This rent runs 35% of the median local income ($53k/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 $850 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $34k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 125 days — a 12% lower offer ($108k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y 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.
• Current owner paid $80k; list at $123k implies a 55% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $108,240 (12.0% below list)

Questions for the listing agent

1. It's been on market 125 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 1.24% ✓
• Cap rate: 10.14%
• Cash-on-cash: 13.75%
• DSCR: 1.61
• GRM: 6.7

CMA / ARV

• ARV (median comp): $98,335
• List price: $123,000
• Delta: 25.08%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
119 N D St	0.06mi	3/1.0	1,780 (-1%)	3mo	$104,900	$59	91
417 W Nelson St	0.26mi	3/1.0	1,846 (+3%)	0mo	$30,000	$16	81
1108 W 6th St	0.43mi	3/1.5	1,784 (-0%)	2mo	$80,000	$45	78
618 Berkley Dr	0.31mi	3/1.0	1,736 (-3%)	2mo	$101,000	$58	77
608 N Windsor Dr	0.31mi	3/2.0	1,766 (-2%)	8mo	$167,400	$95	74
617 W 7th St	0.51mi	3/2.0	1,718 (-4%)	4mo	$56,000	$33	64
920 W 6th St	0.41mi	4/1.5 (+1)	1,892 (+6%)	4mo	$124,900	$66	64
1200 W Euclid Ave	0.24mi	3/1.5	2,028 (+13%)	9mo	$144,900	$71	59
617 Berkley Dr	0.30mi	2/1.5 (-1)	1,564 (-13%)	3mo	$145,000	$93	58
712 S G St	0.60mi	3/1.0	1,728 (-4%)	8mo	$150,000	$87	57
614 W 5th St	0.37mi	4/2.0 (+1)	1,574 (-12%)	0mo	$99,000	$63	55
607 N Washington St	0.66mi	4/2.0 (+1)	1,676 (-6%)	11mo	$16,900	$10	42

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: 3.9%
• Equity multiple: 1.15×
• Total profit: $5,206
• Equity at exit: $18,340

10-year hold

• IRR: 13.4%
• Equity multiple: 2.07×
• Total profit: $36,898
• Equity at exit: $10,635

Cash invested: $34,440 (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 46952

• Home prices YoY: -29.9%
• Active inventory: 126
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,525 medium
• Mortgage (P&I): −$645
• Tax from tax record: −$114 /mo · $1,366/yr
• Insurance: −$51
• HOA: −$0
• Vacancy / Maint / Mgmt: −$320
• Net cashflow: $395

Break-even live

Break-even rent $1,025

Max offer price $123,000

Occupancy floor 69%

Sensitivity live

Price	-10% $464	-5% $430	+0% $395	+5% $360	+10% $325
Rent	-10% $274	-5% $334	+0% $395	+5% $455	+10% $515
Rate	-1.0pp $457	-0.5pp $426	base $395	+0.5pp $363	+1.0pp $330

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: $30,750
• Closing costs: $3,690
• Reserves months: —
• Total cash needed: —

Rent comps 3 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	0.69mi
2145 W 2nd St Marion, IN	3.0	1.5	1377	$1,650	$1.20	45d	1	1.21mi
2111 W Frederick Dr Marion, IN	1.0–2.0	1.0–1.5	965	$937	$0.97	45d	4	1.32mi

Listing history 20 events

1. 2026-06-21
   days on market $123,000 Active 125 DOM
2. 2026-06-19
   days on market $123,000 Active 123 DOM
3. 2026-06-18
   days on market $123,000 Active 122 DOM
4. 2026-06-17
   days on market $123,000 Active 121 DOM
5. 2026-06-16
   days on market $123,000 Active 120 DOM
6. 2026-06-15
   days on market $123,000 Active 119 DOM
7. 2026-06-14
   days on market $123,000 Active 117 DOM
8. 2026-06-12
   days on market $123,000 Active 116 DOM
9. 2026-06-09
   days on market $123,000 Active 113 DOM
10. 2026-06-08
    days on market $123,000 Active 112 DOM
11. 2026-06-07
    days on market $123,000 Active 111 DOM
12. 2026-06-02
    days on market $123,000 Active 106 DOM
13. 2026-06-01
    days on market $123,000 Active 105 DOM
14. 2026-05-31
    days on market $123,000 Active 104 DOM
15. 2026-05-30
    days on market $123,000 Active 103 DOM
16. 2026-04-06
    price $123,000 860-char remark

    Show marketing remark (860 chars)

    Make this spacious 3 bedroom yours! Almost 1800 sqft of living space! The main level features a living room with original hardwood floors and a large eat-in kitchen updated in 2015. The kitchen comes equipped with all appliances, a breakfast bar, and plenty of cabinet space. The family room was an addition; it's the only room that runs on electric baseboard heating. The first bedroom on the main level has an attached half bath, and in the closet is a hookup for a washer and dryer, if you prefer to have it on the main level instead of the basement. Upstairs features 2 more bedrooms with original hardwood floors and a full bath that was updated in 2024. Additional updates include a new furnace and a/c in 2017, a new roof on the house in 2024, and updated PEX plumbing, vinyl plank flooring, and some vinyl replacement windows. Home is being sold as is.

17. 2026-02-16
    listed $128,000 Active 860-char remark

    Show marketing remark (860 chars)

    Make this spacious 3 bedroom yours! Almost 1800 sqft of living space! The main level features a living room with original hardwood floors and a large eat-in kitchen updated in 2015. The kitchen comes equipped with all appliances, a breakfast bar, and plenty of cabinet space. The family room was an addition; it's the only room that runs on electric baseboard heating. The first bedroom on the main level has an attached half bath, and in the closet is a hookup for a washer and dryer, if you prefer to have it on the main level instead of the basement. Upstairs features 2 more bedrooms with original hardwood floors and a full bath that was updated in 2024. Additional updates include a new furnace and a/c in 2017, a new roof on the house in 2024, and updated PEX plumbing, vinyl plank flooring, and some vinyl replacement windows. Home is being sold as is.

18. 2023-11-22
    soldstatus $79,500 Closed 845-char remark

    Show marketing remark (845 chars)

    Make this spacious 3 bedroom yours! Almost 1800 sqft of living space! Main level features living room with original hardwood floors, large eat-in kitchen that was updated in 2015. Kitchen comes equipped with all ss appliances, breakfast bar, plenty of cabinet space. Family room was an addition, it's the only room that operates off of electric baseboard, it also has an additional potential half bath. 1 bedroom on the main level with attached half bath and in the closet there is a hookup for washer and dryer, if you prefer to have it on the main level instead of the basement. Upstairs features 2 more bedrooms with original hardwood floors and a full bath that was updated in 2019. Additional updates, new furnace and a/c 2 years ago, updated pex plumbing, vinyl plank flooring, and some vinyl replacement windows. Home is being sold as is.

19. 2023-10-27
    status Pending 845-char remark

    Show marketing remark (845 chars)

    Make this spacious 3 bedroom yours! Almost 1800 sqft of living space! Main level features living room with original hardwood floors, large eat-in kitchen that was updated in 2015. Kitchen comes equipped with all ss appliances, breakfast bar, plenty of cabinet space. Family room was an addition, it's the only room that operates off of electric baseboard, it also has an additional potential half bath. 1 bedroom on the main level with attached half bath and in the closet there is a hookup for washer and dryer, if you prefer to have it on the main level instead of the basement. Upstairs features 2 more bedrooms with original hardwood floors and a full bath that was updated in 2019. Additional updates, new furnace and a/c 2 years ago, updated pex plumbing, vinyl plank flooring, and some vinyl replacement windows. Home is being sold as is.

20. 2023-10-23
    listed $89,500 Active 845-char remark

    Show marketing remark (845 chars)

    Make this spacious 3 bedroom yours! Almost 1800 sqft of living space! Main level features living room with original hardwood floors, large eat-in kitchen that was updated in 2015. Kitchen comes equipped with all ss appliances, breakfast bar, plenty of cabinet space. Family room was an addition, it's the only room that operates off of electric baseboard, it also has an additional potential half bath. 1 bedroom on the main level with attached half bath and in the closet there is a hookup for washer and dryer, if you prefer to have it on the main level instead of the basement. Upstairs features 2 more bedrooms with original hardwood floors and a full bath that was updated in 2019. Additional updates, new furnace and a/c 2 years ago, updated pex plumbing, vinyl plank flooring, and some vinyl replacement windows. Home is being sold as is.

ⓘ 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: $1,366 · $114/mo
• Projected year-2 tax: $1,366 · $114/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 · 18 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: $18,301
• − Mortgage interest: −$6,890
• − Property taxes: −$1,366
• − Insurance: −$615
• − Repairs & maintenance: −$1,464
• − Management: −$1,464
• − Depreciation: −$3,578
• Taxable income: $2,924
• Est. tax owed @ 24.0%: −$702
• After-tax cash flow: $4,035/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): 18,189
• Household income: $52,880
• Rent vs Own: 31.5% rent · 68.5% own
• Severe rent burden: 662.0

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 (84%)
• Race & ethnicity: White 84% Two or more races 7% Hispanic / Latino 5% Black 4% Asian 1%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Italian 3% Romanian 1% Iranian 1%
• Foreign-born: 4% · 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: ▼ -76.69%
• Current HPI: 180.1174
• 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

+37.4% since first listed

5 events — show timeline

• 2026-04-06 Price Changed $123,000 IRMLS
• 2026-02-16 Listed $128,000 IRMLS
• 2023-11-22 Sold (MLS) $79,500 IRMLS
• 2023-10-27 Pending — IRMLS
• 2023-10-23 Listed $89,500 IRMLS

Property tax history

+8.0%/yr

Latest (2025): $1,366 · +0.4% YoY. Source: county tax records.