6248 Cope DrMarionIA52302
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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 6248 Cope Dr, Marion, IA, 52302 priced at $387,500 converts $2,203/mo rent into after a $1,897/mo obligation. Total monthly income equals $2,203/mo. Return on cash invested prints 16.41% in year one, and rental yield reads 6.82% against a $387,500 entry. Equity gained on principal adds $2,500/yr, while 5% annual appreciation compiles into $107,059 by year five. Five-year ROI reaches 84.7% and total cumulative return in cash sums $108,807. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,203/mo property income covering a $1,897/mo payment, not borrower’s personal income.
Single Family
Built in 2022
8,712 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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Listed by: Debra Callahan • RE/MAX Concepts
Mls Name: Iowa City Area AOR
Mls Provider:
Mls ID: #202502852
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed accurate by the MLS.