1344 Hickory Ridge DrMarionIA52302
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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
Investment Highlights
Investment property for sale in Marion at 1344 Hickory Ridge Dr, Marion, IA, 52302 at $429,900 posts ROI 20.15% with $29/mo cash flow from $2,821/mo rent. Total monthly income equals $2,821/mo, and annual cash flow records $350/yr on $142,512 to close. Return on cash invested measures 20.15% and rental yield reads 7.87% at the current $429,900. Equity gained on principal adds $2,774/yr, and 5% annual appreciation supports $118,773 by year five. Five-year ROI prints 104.59% and total cumulative return in cash totals $149,047.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,821/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2024
0.31 Acres 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
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Listed by: Troy Mysak, CRS • COLDWELL BANKER HEDGES CORRIDOR
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2408521
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.