224 Park AveMarionNC28752
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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 224 Park Ave, Marion, NC, 28752 generates $2,609/mo in rent and, after a $1,517/mo payment, leaves $720/mo in cash flow. Total monthly income is $2,609/mo, and annual cash flow is $8,640/yr on $102,765 invested. Return on cash invested sits at 28.32% in year one, and rental yield is 10.1% on a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 147.79% and total cumulative return in cash sums $151,879. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,609/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
0.24 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: Rhonda Silver • Rhonda Silver Real Estate Group LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4294162