3005 29th 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 3005 29th Ave, Marion, IA, 52302 offers a 10.08% rental yield on a $247,500 purchase with $2,078/mo rent. Total monthly income registers $2,078/mo, and a $1,211/mo payment leaves $465/mo available for distribution. Annual cash flow reaches $5,585/yr on $82,046 to close, and return on cash invested stands at 26.72% in year one. Equity gained on principal adds $1,597/yr while 5% annual appreciation supports $68,380 over five years. Portfolio math shows five-year ROI at 139.82% and total cumulative return in cash at $114,713. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,078/mo property income against a $1,211/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
10,080 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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