2770 24th 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
Rental property for sale in Marion at 2770 24th Ave, Marion, IA, 52302 generates $1,849/mo in rent and, after a $1,101/mo payment, leaves $388/mo in cash flow. Total monthly income is $1,849/mo, and annual cash flow is $4,656/yr on $74,588 invested. Return on cash invested sits at 26.15% in year one, and rental yield is 9.86% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 136.72% and total cumulative return in cash sums $101,973. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,849/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
8,407 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: Jack Brundell • GLD COMMERCIAL
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2503286
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.