117 S Locust StMarcusIA51035
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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
Rental property for sale in Marcus at 117 S Locust St, Marcus, IA, 51035 priced at $195,000 converts $1,756/mo rent into $490/mo cash flow after a $954/mo obligation. Total monthly income equals $1,756/mo, and annual cash flow totals $5,880/yr on $64,643 invested. Return on cash invested prints 29.01% in year one, and rental yield reads 10.81% against a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation compiles into $53,875 by year five. Five-year ROI reaches 152% and total cumulative return in cash sums $98,254. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,756/mo property income covering a $954/mo payment, not borrower’s personal income.
Single Family
Built in 1907
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51035, Marcus, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 761 (100%) |
| Owner Occupied HU | 564 (74.1%) |
| Renter Occupied HU | 118 (15.5%) |
| Vacant Housing Units | 79 (10.4%) |
| Median Home Value | $198,980 |
| Average Home Value | $221,600 |
Housing Distribution
Address Breakdown
Residential
321
Single Family
307
Multi-Family
14
Businesses
80
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