Royal Oak Ridge Rd #C2CPXSMarionIA52302
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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 Royal Oak Ridge Rd #C2CPXS, Marion, IA, 52302 priced at $416,500 converts $2,882/mo rent into $177/mo cash flow after a $2,039/mo obligation. Total monthly income equals $2,882/mo, and annual cash flow totals $2,119/yr on $138,070 invested. Return on cash invested prints 21.44% in year one, and rental yield reads 8.3% against a $416,500 entry. Equity gained on principal adds $2,688/yr, while 5% annual appreciation compiles into $115,071 by year five. Five-year ROI reaches 111.47% and total cumulative return in cash sums $153,912. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,882/mo property income covering a $2,039/mo payment, not borrower’s personal income.
Single Family
Built in 2023
N/A 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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