212 Patten St, Marion, OH 43302, USA
Excellent
92/100This is an excellent deal — priced below the local market with healthy equity after repairs. Watch that the neighborhood scores low.
- 65% below area price per sqft
- $189k potential equity (118%)
- $1,268/mo positive cash flow
- 15.53% cap rate
- Neighborhood scores 67/100
Price vs. Market
ARV Assessment
Based on 3 recent sales within 0.5 miles, comparable single family homes of similar size traded between $241k and $310k. The subject's 1,828 sqft and 4bd/1ba layout supports a midpoint estimate of $277k.
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Property presents in cosmetic condition. Estimated rehab of $8k covers paint, flooring, and fixtures.
Sales-comparison approach weighted by recency, proximity, and price-per-sqft, adjusted for condition and lot. Confidence: moderate.
Rental Income
The Marion rental market shows soft demand. Median area rent is $853/mo with a 10% vacancy rate.
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Comparable 4bd units nearby rent for $1,900–$2,280. At $2,070/mo the gross yield is 28.23% of the purchase price.
Rent estimated from active and leased comps adjusted for size, condition, and submarket trends.
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