3504 35th StMarionIA52302
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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 3504 35th St, Marion, IA, 52302 listed at $182,500 pairs $2,032/mo rent with a $893/mo payment to leave $647/mo cash flow. Total monthly income runs $2,032/mo, and annual cash flow reaches $7,764/yr on $60,499 cash to close. Return on cash invested measures 32.74% in year one, and rental yield registers 13.36% at a $182,500 basis. Equity gained on principal adds $1,178/yr, and annual property appreciation at 5% supports $50,421 by year five. Five-year ROI tracks 173.49% and total cumulative return in cash totals $104,962. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,032/mo property income relative to a $893/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2011
N/A lot
$N/A/sqft
$2,400 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: Debra Callahan • RE/MAX Concepts
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202405412
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.