306 N Walnut StMarcusIA51035
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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 Marcus at 306 N Walnut St, Marcus, IA, 51035 at $164,000 posts ROI 23.14% with $147/mo cash flow from $1,212/mo rent. Total monthly income equals $1,212/mo, and annual cash flow records $1,759/yr on $54,366 to close. Return on cash invested measures 23.14% and rental yield reads 8.87% at the current $164,000. Equity gained on principal adds $1,058/yr, and 5% annual appreciation supports $45,310 by year five. Five-year ROI prints 120.62% and total cumulative return in cash totals $65,577.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,212/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1899
8,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51035, Marcus, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 761 (100%) |
| Owner Occupied HU | 564 (74.1%) |
| Renter Occupied HU | 118 (15.5%) |
| Vacant Housing Units | 79 (10.4%) |
| Median Home Value | $198,980 |
| Average Home Value | $221,600 |
Housing Distribution
Address Breakdown
Residential
321
Single Family
307
Multi-Family
14
Businesses
80
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Listed by: Laura R Letsche • Farmers State Bank
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #825696
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.