1440 Northview DrMarionIA52302
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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
Investment property for sale in Marion at 1440 Northview Dr, Marion, IA, 52302 uses $92,820 cash to close to unlock $3,144/yr annual cash flow and $262/mo monthly cash flow. Total monthly income runs $2,080/mo, and a $1,370/mo payment keeps the spread at $262/mo. Purchase price stands at $280,000, and rental yield measures 8.91% with $2,080/mo rent. Return on cash invested shows 23.3% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 121.39% and total cumulative return in cash records $112,677. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,080/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1955
8,407 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
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