4980 Lucore RdMarionIA52302
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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 4980 Lucore Rd, Marion, IA, 52302 uses $87,185 cash to close to unlock $326/yr annual cash flow and $27/mo monthly cash flow. Total monthly income runs $1,735/mo, and a $1,287/mo payment keeps the spread at $27/mo. Purchase price stands at $263,000, and rental yield measures 7.92% with $1,735/mo rent. Return on cash invested shows 20.28% in year one, and 5% annual appreciation builds toward $72,662 over five years. Five-year ROI reaches 105.31% and total cumulative return in cash records $91,811. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,735/mo property income covering a $1,287/mo payment rather than investor’s personal income.
Condo
Built in 1996
1.10 Acres lot
$N/A/sqft
No 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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