3110 Willowridge Rd UNIT DMarionIA52302
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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 3110 Willowridge Rd UNIT D, Marion, IA, 52302 priced at $150,000 converts $1,747/mo rent into $500/mo cash flow after a $734/mo obligation. Total monthly income equals $1,747/mo, and annual cash flow totals $6,000/yr on $49,725 invested. Return on cash invested prints 31.98% in year one, and rental yield reads 13.98% against a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 170.32% and total cumulative return in cash sums $84,690. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,747/mo property income covering a $734/mo payment, not borrower’s personal income.
Condo
Built in 1997
N/A lot
$N/A/sqft
$3,276 annually 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: Jeremy Trenkamp • Realty87
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202503017
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it 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 accurate by the MLS.