259 Spencer 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
Rental property for sale in Marion at 259 Spencer St, Marion, OH, 43302 priced at $109,900 converts $863/mo rent into $140/mo cash flow after a $538/mo obligation. Total monthly income equals $863/mo, and annual cash flow totals $1,680/yr on $36,432 invested. Return on cash invested prints 24.52% in year one, and rental yield reads 9.42% against a $109,900 entry. Equity gained on principal adds $709/yr, while 5% annual appreciation compiles into $30,363 by year five. Five-year ROI reaches 128.04% and total cumulative return in cash sums $46,648. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $863/mo property income covering a $538/mo payment, not borrower’s personal income.
Single Family
Built in 1925
4,791 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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