Royal Oak Ridge Rd #WQGMLTMarionIA52302
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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 Royal Oak Ridge Rd #WQGMLT, Marion, IA, 52302 with 5% annual appreciation on a $392,600 basis while $2,761/mo rent supports operations. Total monthly income totals $2,761/mo and a $1,922/mo payment preserves $211/mo for cash returns. Annual cash flow comes to $2,530/yr on $130,147 deployed, and return on cash invested reaches 21.85% in year one. Equity gained on principal adds $2,533/yr, and five-year appreciation sums $108,468 alongside rental yield of 8.44%. Five-year ROI measures 113.67% and total cumulative return in cash totals $147,933.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,761/mo property income versus a $1,922/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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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