588 Pearl StMarionOH43302
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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 588 Pearl St, Marion, OH, 43302 uses $45,913 cash to close to unlock $1,882/yr annual cash flow and $157/mo monthly cash flow. Total monthly income runs $1,068/mo, and a $678/mo payment keeps the spread at $157/mo. Purchase price stands at $138,500, and rental yield measures 9.25% with $1,068/mo rent. Return on cash invested shows 24.01% in year one, and 5% annual appreciation builds toward $38,265 over five years. Five-year ROI reaches 125.34% and total cumulative return in cash records $57,547. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,068/mo property income covering a $678/mo payment rather than investor’s personal income.
Single Family
Built in 1915
4,356 sqft lot
$N/A/sqft
No 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: Dylan Robert Taube • Generations Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225009414
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.