583 Fowler StMarionVA24354
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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
Rental property for sale in Marion at 583 Fowler St, Marion, VA, 24354 priced at $180,500 pairs $1,880/mo rent with $801/mo cash flow after a $883/mo payment. Total monthly income equals $1,880/mo, and annual cash flow comes to $9,618/yr on $59,836 invested. Return on cash invested is 35.98% in year one, and rental yield stands at 12.5% on a $180,500 basis. Equity gained on principal adds $1,165/yr, and 5% annual appreciation accumulates to $49,869 by year five. Five-year ROI measures 188.79% and total cumulative return in cash reaches $112,962. For financing, Ziffy Mortgage’s DSCR program evaluates $1,880/mo property income against a $883/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1970
1 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: Joe Robinson • Highlands Realty, Inc. Marion
Mls Name: SWVAR
Mls Provider:
Mls ID: #100229
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.