312 S Iron StMarionVA24354
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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 312 S Iron St, Marion, VA, 24354 with 5% annual appreciation on a $225,000 basis while $1,698/mo rent supports operations. Total monthly income totals $1,698/mo and a $1,101/mo payment preserves $353/mo for cash returns. Annual cash flow comes to $4,239/yr on $74,588 deployed, and return on cash invested reaches 25.59% in year one. Equity gained on principal adds $1,452/yr, and five-year appreciation sums $62,163 alongside rental yield of 9.06%. Five-year ROI measures 133.08% and total cumulative return in cash totals $99,261.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,698/mo property income versus a $1,101/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2024
8,624 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24354, Marion, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,033 (100%) |
| Owner Occupied HU | 4,077 (58.0%) |
| Renter Occupied HU | 2,035 (28.9%) |
| Vacant Housing Units | 921 (13.1%) |
| Median Home Value | $151,039 |
| Average Home Value | $186,291 |
Housing Distribution
Address Breakdown
Residential
6,496
Single Family
6,439
Multi-Family
57
Businesses
576
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Listed by: Lee Anne Fitchko Hamm • Appalachian Realty Co.
Mls Name: SWVAR
Mls Provider:
Mls ID: #95562
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.