2451 28th AveMarionIA52302
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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 2451 28th Ave, Marion, IA, 52302 uses $89,472 cash to close to unlock $8,330/yr annual cash flow and $694/mo monthly cash flow. Total monthly income runs $2,447/mo, and a $1,321/mo payment keeps the spread at $694/mo. Purchase price stands at $269,900, and rental yield measures 10.88% with $2,447/mo rent. Return on cash invested shows 29.22% in year one, and 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 153.21% and total cumulative return in cash records $137,082. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,447/mo property income covering a $1,321/mo payment rather than investor’s personal income.
Single Family
Built in 1977
8,058 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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Listed by: Joni Long • Realty87
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2507943
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.