1000 Richland TerMarionOH43302
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Marion at 1000 Richland Ter, Marion, OH, 43302 uses $110,721 cash to close to unlock $12,465/yr annual cash flow and $1,039/mo monthly cash flow. Total monthly income runs $3,236/mo, and a $1,635/mo payment keeps the spread at $1,039/mo. Purchase price stands at $334,000, and rental yield measures 11.63% with $3,236/mo rent. Return on cash invested shows 31.17% in year one, and 5% annual appreciation builds toward $92,278 over five years. Five-year ROI reaches 163.71% and total cumulative return in cash records $181,266. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,236/mo property income covering a $1,635/mo payment rather than investor’s personal income.
Single Family
Built in 1962
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43302, Marion, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,666 (100%) |
| Owner Occupied HU | 13,326 (58.8%) |
| Renter Occupied HU | 7,225 (31.9%) |
| Vacant Housing Units | 2,115 ( 9.3%) |
| Median Home Value | $159,439 |
| Average Home Value | $198,716 |
Housing Distribution
Address Breakdown
Residential
21,336
Single Family
19,947
Multi-Family
1,389
Businesses
1,344
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Listed by: Loralee Sjostedt • Keller Williams Legacy Group
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225026939
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.