69 Katydid DrMarionNC28752
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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 69 Katydid Dr, Marion, NC, 28752 priced at $309,950 converts $2,549/mo rent into $660/mo cash flow after a $1,517/mo obligation. Total monthly income equals $2,549/mo, and annual cash flow totals $7,921/yr on $102,748 invested. Return on cash invested prints 27.62% in year one, and rental yield reads 9.87% against a $309,950 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,633 by year five. Five-year ROI reaches 144.1% and total cumulative return in cash sums $148,060. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,549/mo property income covering a $1,517/mo payment, not borrower’s personal income.
Single Family
Built in 1974
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28752, Marion, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,281 (100%) |
| Owner Occupied HU | 8,731 (61.1%) |
| Renter Occupied HU | 3,542 (24.8%) |
| Vacant Housing Units | 2,008 (14.1%) |
| Median Home Value | $224,806 |
| Average Home Value | $296,949 |
Housing Distribution
Address Breakdown
Residential
12,672
Single Family
12,566
Multi-Family
106
Businesses
1,046
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Listed by: Pat Pinkerton • RE/MAX Living
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4273434