529 1st StMarionVA24354
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Marion at 529 1st St, Marion, VA, 24354 offers $1,094/mo rent that, after a $705/mo payment, leaves $233/mo cash flow. Total monthly income is $1,094/mo, and annual cash flow is $2,796/yr on $47,736 cash. Return on cash invested measures 25.77% in year one, and rental yield stands at 9.12% at a $144,000 entry. Equity gained on principal adds $929/yr while 5% annual appreciation compounds into $39,785 by year five. Five-year ROI records 133.95% and total cumulative return in cash reaches $63,942. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,094/mo property income versus a $705/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
0.90 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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Listed by: Courtney Umbarger • Uptown Properties LLC
Mls Name: SWVAR
Mls Provider:
Mls ID: #99574
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.