620 W 8th AveMarionIA52302
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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 620 W 8th Ave, Marion, IA, 52302 earns from $1,255/mo rent with a $979/mo payment. Total monthly income totals $1,255/mo. ROI tracks 19.11% on current figures, and rental yield reads 7.53% at a $199,950 purchase. Equity gained on principal adds $1,290/yr, and 5% annual appreciation supports $55,243 over five years. Five-year ROI reaches 99.04% and total cumulative return in cash sums $65,644. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,255/mo property income instead of your personal income.
Single Family
Built in 1961
7,143 sqft 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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