175 Blue Ridge StMarionNC28752
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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 175 Blue Ridge St, Marion, NC, 28752 offers a 8.23% rental yield on a $225,000 purchase with $1,543/mo rent. Total monthly income registers $1,543/mo, and a $1,101/mo payment leaves $172/mo available for distribution. Annual cash flow reaches $2,064/yr on $74,588 to close, and return on cash invested stands at 22.68% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 117.55% and total cumulative return in cash at $87,681. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,543/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
0.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28752, Marion, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,281 (100%) |
| Owner Occupied HU | 8,731 (61.1%) |
| Renter Occupied HU | 3,542 (24.8%) |
| Vacant Housing Units | 2,008 (14.1%) |
| Median Home Value | $224,806 |
| Average Home Value | $296,949 |
Housing Distribution
Address Breakdown
Residential
12,672
Single Family
12,566
Multi-Family
106
Businesses
1,046
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Listed by: Marilyn Varnes • Berkshire Hathaway HomeServices Blue Ridge REALTORS
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4325128