1007 11th StMarionIA52302
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Marion rentals match the income profile of 1007 11th St, Marion, IA, 52302. Listed at $154,500, gross rent is $1,768/mo and net cash flow is $764/mo, a 13.73% yield well above national averages. DSCR 2.54 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $42,686 by year five with $1,423/yr in annual principal reduction, projecting $107,986 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.7% | 6.2% |
| Monthly Cash Flow | $764 | $450 |
City averages based on Marion market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,768 |
| Total Monthly Debt Service | $942 |
| DSCR Ratio | 1.88x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1870
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52302, Marion, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,354 (100%) |
| Owner Occupied HU | 13,855 (71.6%) |
| Renter Occupied HU | 4,305 (22.2%) |
| Vacant Housing Units | 1,194 ( 6.2%) |
| Median Home Value | $271,020 |
| Average Home Value | $305,012 |
Housing Distribution
Address Breakdown
Residential
18,854
Single Family
16,413
Multi-Family
2,441
Businesses
958
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1870
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52302, Marion, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,354 (100%) |
| Owner Occupied HU | 13,855 (71.6%) |
| Renter Occupied HU | 4,305 (22.2%) |
| Vacant Housing Units | 1,194 ( 6.2%) |
| Median Home Value | $271,020 |
| Average Home Value | $305,012 |
Housing Distribution
Address Breakdown
Residential
18,854
Single Family
16,413
Multi-Family
2,441
Businesses
958
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tim Scherbring • Epique Realty
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2506316
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.