1195 McGowan Blvd, Marion, IA, 52302 | $71/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1195 McGowan Blvd, Marion, IA, 52302 | $71/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Listed for sale 2 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Marion at 1195 McGowan Blvd, Marion, IA, 52302 listed at $210,000 pairs $1,435/mo rent with a $1,028/mo payment to leave $71/mo cash flow. Total monthly income runs $1,435/mo, and annual cash flow reaches $852/yr on $69,615 cash to close. Return on cash invested measures 21.13% in year one, and rental yield registers 8.2% at a $210,000 basis. Equity gained on principal adds $1,355/yr, and annual property appreciation at 5% supports $58,019 by year five. Five-year ROI tracks 109.79% and total cumulative return in cash totals $76,432. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,435/mo property income relative to a $1,028/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1967

7,753 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 1195 McGowan Blvd a home that offers a fantastic opportunity for the right buyer. Priced $35,300 below assessed value, this property presents exceptional value and the chance to build meaningful sweat equity, whether youre a buyer looking to personalize your space and make immediate or long term updates or an investor searching for a promising flip. Inside, youll find a functional layout with generous living areas, three bedrooms, and great natural light throughout. Simple updates such as fresh paint, new flooring, and updating the primary bathroom could go a long way in enhancing both style and value. This property offers an attractive price point with strong equity potential, the ability to live in the home while making updates which is a great option for buyers who enjoy creating value through updates. Furnace is approximately 6 years old, A/C approximately 13 years old and water heater is about 1 year old. There is a huge deck off of the back of the house, an extra room off the back of the garage, and RV hook-ups and parking pad on the side of the garage.

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