424 N Roosevelt 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
Investment property for sale in Marion at 424 N Roosevelt St, Marion, KS, 66861 uses $59,637 cash to close to unlock $1,879/yr annual cash flow and $157/mo monthly cash flow. Total monthly income runs $1,435/mo, and a $881/mo payment keeps the spread at $157/mo. Purchase price stands at $179,900, and rental yield measures 9.57% with $1,435/mo rent. Return on cash invested shows 23.06% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 120.97% and total cumulative return in cash records $72,141. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,435/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1991
0.34 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: Kyle Just • JPAR-Leading Edge
Mls Name: SCKMLS
Mls ID: #644258
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