1354 Echo Ridge LnMarionIA52302
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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 Marion at 1354 Echo Ridge Ln, Marion, IA, 52302 offers $2,839/mo rent that, after a $2,006/mo payment, leaves $177/mo cash flow. Total monthly income is $2,839/mo, and annual cash flow is $2,126/yr on $135,882 cash. Return on cash invested measures 21.47% in year one, and rental yield stands at 8.31% at a $409,900 entry. Equity gained on principal adds $2,645/yr while 5% annual appreciation compounds into $113,248 by year five. Five-year ROI records 111.66% and total cumulative return in cash reaches $151,720. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,839/mo property income versus a $2,006/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.27 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: #2406894
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.