93 John Gilkey RdMarionNC28752
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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 93 John Gilkey Rd, Marion, NC, 28752 with 5% annual appreciation on a $235,000 basis while $1,535/mo rent supports operations. Total monthly income totals $1,535/mo and a $1,150/mo payment preserves $103/mo for cash returns. Annual cash flow comes to $1,236/yr on $77,903 deployed, and return on cash invested reaches 21.5% in year one. Equity gained on principal adds $1,516/yr, and five-year appreciation sums $64,926 alongside rental yield of 7.84%. Five-year ROI measures 111.21% and total cumulative return in cash totals $86,632.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,535/mo property income versus a $1,150/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1968
0.50 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: Crystal Honeycutt • Mountain Lake Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4333548