402 Mount Vernon Ave #18AVMarionOH43302
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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 402 Mount Vernon Ave #18AV, Marion, OH, 43302 listed at $110,000 pairs $962/mo rent with a $538/mo payment to leave $119/mo cash flow. Total monthly income runs $962/mo, and annual cash flow reaches $1,426/yr on $36,465 cash to close. Return on cash invested measures 23.82% in year one, and rental yield registers 10.49% at a $110,000 basis. Equity gained on principal adds $710/yr, and annual property appreciation at 5% supports $30,391 by year five. Five-year ROI tracks 125.81% and total cumulative return in cash totals $45,876. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $962/mo property income relative to a $538/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1971
871.20 sqft lot
$N/A/sqft
$120 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43302, Marion, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,666 (100%) |
| Owner Occupied HU | 13,326 (58.8%) |
| Renter Occupied HU | 7,225 (31.9%) |
| Vacant Housing Units | 2,115 ( 9.3%) |
| Median Home Value | $159,439 |
| Average Home Value | $198,716 |
Housing Distribution
Address Breakdown
Residential
21,336
Single Family
19,947
Multi-Family
1,389
Businesses
1,344
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Listed by: Klayton Kenney • Errington Realty LLC.
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224042705
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