353 Old Prater RdMarionVA24354
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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 353 Old Prater Rd, Marion, VA, 24354 listed at $620,000 pairs $1,920/mo rent with a $3,035/mo payment. Total monthly income runs $1,920/mo. Return on cash invested measures 9.55% in year one, and rental yield registers 3.72% at a $620,000 basis. Equity gained on principal adds $4,001/yr, and annual property appreciation at 5% supports $171,295 by year five. Five-year ROI tracks 46.99% and total cumulative return in cash totals $95,847. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,920/mo property income relative to a $3,035/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2006
13.72 Acres 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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