329 Elm StMarionKS66861
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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 329 Elm St, Marion, KS, 66861 generates $1,190/mo in rent and, after a $729/mo payment, leaves $124/mo in cash flow. Total monthly income is $1,190/mo, and annual cash flow is $1,484/yr on $49,394 invested. Return on cash invested sits at 22.91% in year one, and rental yield is 9.58% on a $149,000 entry. Equity gained on principal adds $961/yr, while 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 120.27% and total cumulative return in cash sums $59,404. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,190/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66861, Marion, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,670 (100%) |
| Owner Occupied HU | 1,065 (63.8%) |
| Renter Occupied HU | 322 (19.3%) |
| Vacant Housing Units | 283 (16.9%) |
| Median Home Value | $133,131 |
| Average Home Value | $185,035 |
Housing Distribution
Address Breakdown
Residential
1,441
Single Family
1,407
Multi-Family
34
Businesses
158
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Listed by: Patty Putter • RE/MAX Associates
Mls Name: SCKMLS
Mls ID: #646361
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. This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. 1993-2024 South Central Kansas Multiple Listing Service, Inc. All rights reserved.