1022 Ohio AveAshtabulaOH44004
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 Ashtabula at 1022 Ohio Ave, Ashtabula, OH, 44004 priced at $226,900 converts $1,403/mo rent into after a $1,111/mo obligation. Total monthly income equals $1,403/mo. Return on cash invested prints 18.47% in year one, and rental yield reads 7.42% against a $226,900 entry. Equity gained on principal adds $1,464/yr, while 5% annual appreciation compiles into $62,688 by year five. Five-year ROI reaches 95.73% and total cumulative return in cash sums $72,005. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,403/mo property income covering a $1,111/mo payment, not borrower’s personal income.
Single Family
Built in 2024
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44004, Ashtabula, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,725 (100%) |
| Owner Occupied HU | 8,611 (54.8%) |
| Renter Occupied HU | 4,963 (31.6%) |
| Vacant Housing Units | 2,151 (13.7%) |
| Median Home Value | $148,843 |
| Average Home Value | $183,060 |
Housing Distribution
Address Breakdown
Residential
14,394
Single Family
13,309
Multi-Family
1,085
Businesses
911
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer L Bartone • Harbor Realty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5049992
Disclaimer: The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS NOW. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Zillow, Inc. does not display the entire MLS NOW IDX database on this website. The listings of some real estate brokerage firms have been excluded. Information is deemed reliable but not guaranteed. Copyright 2024 - Multiple Listing Service, Inc. All Rights Reserved.