2375 Bluegrass StMarionIA52302
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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 2375 Bluegrass St, Marion, IA, 52302 priced at $344,900 pairs $3,184/mo rent with $854/mo cash flow after a $1,688/mo payment. Total monthly income equals $3,184/mo, and annual cash flow comes to $10,250/yr on $114,334 invested. Return on cash invested is 28.87% in year one, and rental yield stands at 11.08% on a $344,900 basis. Equity gained on principal adds $2,226/yr, and 5% annual appreciation accumulates to $95,290 by year five. Five-year ROI measures 151.69% and total cumulative return in cash reaches $173,433. For financing, Ziffy Mortgage’s DSCR program evaluates $3,184/mo property income against a $1,688/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2024
5,445 sqft lot
$N/A/sqft
$90 monthly 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: Stefan Doerrfeld-Twenty40 Sales Team • Twenty40 Real Estate + Development
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2507331
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.