251 Summit StMarionOH43302
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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 251 Summit St, Marion, OH, 43302 with 5% annual appreciation on a $154,500 basis while $1,068/mo rent supports operations. Total monthly income totals $1,068/mo and a $756/mo payment preserves $52/mo for cash returns. Annual cash flow comes to $623/yr on $51,217 deployed, and return on cash invested reaches 21.13% in year one. Equity gained on principal adds $997/yr, and five-year appreciation sums $42,686 alongside rental yield of 8.3%. Five-year ROI measures 109.87% and total cumulative return in cash totals $56,271.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,068/mo property income versus a $756/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43302, Marion, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,666 (100%) |
| Owner Occupied HU | 13,326 (58.8%) |
| Renter Occupied HU | 7,225 (31.9%) |
| Vacant Housing Units | 2,115 ( 9.3%) |
| Median Home Value | $159,439 |
| Average Home Value | $198,716 |
Housing Distribution
Address Breakdown
Residential
21,336
Single Family
19,947
Multi-Family
1,389
Businesses
1,344
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Listed by: Melissa R Holmes-Gregory • Coldwell Banker Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225018612
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