87 2nd StMarionNC28752
Nearby investment properties with comparable rents
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 87 2nd St, Marion, NC, 28752 priced at $215,000 converts $1,494/mo rent into $184/mo cash flow after a $1,052/mo obligation. Total monthly income equals $1,494/mo, and annual cash flow totals $2,208/yr on $71,273 invested. Return on cash invested prints 23.01% in year one, and rental yield reads 8.34% against a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,401 by year five. Five-year ROI reaches 119.29% and total cumulative return in cash sums $85,021. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,494/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Single Family
Built in 1909
0.30 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: Emilie Burgin • ERA Live Moore
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4291777