3240 Willowridge Rd UNIT B, Marion, IA, 52302 | $493/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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3240 Willowridge Rd UNIT B, Marion, IA, 52302 | $493/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Marion at 3240 Willowridge Rd UNIT B, Marion, IA, 52302 offers a 11.49% rental yield on a $160,000 purchase with $1,532/mo rent. Total monthly income registers $1,532/mo, and a $783/mo payment leaves $493/mo available for distribution. Annual cash flow reaches $5,916/yr on $53,040 to close, and return on cash invested stands at 31.06% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,205 over five years. Portfolio math shows five-year ROI at 163.06% and total cumulative return in cash at $86,486. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,532/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1991

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome Home! Step into the first-floor condo youve been waiting for! This bright and inviting two-bedroom, two-bathroom corner unit is filled with natural light and designed for easy, comfortable living. Youll love the spacious layout, featuring a large living room perfect for relaxing or entertaining, a formal dining area, and a nicely sized kitchen. There is also a large sunroom and a private patio. There is only one step into the condo building and one step to the patio - how nice! The primary bedroom suite offers a peaceful retreat with a generous walk-in closet and a private bathroom. Convenience continues with an attached one-stall garage located close to the unit, a secured building entrance, and indoor mail access to keep you out of the elements. Recent updates add peace of mind, including a new central air unit (2025), stove (2025), microwave (2023), dishwasher (2023), and water heater (2021). The seller is also offering a one-year HSA home warranty. The monthly association fee covers snow removal, lawn care, common area cleaning, and building and grounds maintenance. There is a one-time association start-up fee of $300. Located just minutes from grocery stores, restaurants, and everyday conveniences, this condo offers the perfect blend of comfort and convenience. Please allow 24 hour response time to offers. Learn more about the community at www.marionwillowridgecondo.com.

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