2977 Somerbrook LnMarionIA52302
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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 2977 Somerbrook Ln, Marion, IA, 52302 uses $97,793 cash to close to unlock $8,185/yr annual cash flow and $682/mo monthly cash flow. Total monthly income runs $2,914/mo, and a $1,444/mo payment keeps the spread at $682/mo. Purchase price stands at $295,000, and rental yield measures 11.85% with $2,914/mo rent. Return on cash invested shows 28.28% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 149.58% and total cumulative return in cash records $146,282. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,914/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
$295 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: Tim Scherbring • Epique Realty
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2508436
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.