1036 Luray Dr, Ashland, OH, 44805 | $80/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1036 Luray Dr, Ashland, OH, 44805 | $80/mo Cash Flow | Ziffy

Recently Sold

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Ashland at 1036 Luray Dr, Ashland, OH, 44805 generates $2,725/mo in rent and, after a $1,968/mo payment, leaves $80/mo in cash flow. Total monthly income is $2,725/mo, and annual cash flow is $964/yr on $133,263 invested. Return on cash invested sits at 20.63% in year one, and rental yield is 8.13% on a $402,000 entry. Equity gained on principal adds $2,594/yr, while 5% annual appreciation builds toward $111,065 over five years. Five-year ROI reaches 107.24% and total cumulative return in cash sums $142,916. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,725/mo property income rather than buyer’s personal income.

Single Family

Built in 1956

0.44 Acres lot

$N/A/sqft

No HOA

More details about the property

This charming 1.5-story home offers 2,400 sq ft of living space with 3 bedrooms, 2.5 baths, and a 2-car garage. The main floor features a spacious master suite with ample closets, a cozy living room with a wood-burning fireplace, and an open kitchen with quartz countertops and a deep farmhouse sink. The kitchen flows into the dining and family room, perfect for entertaining. Enjoy a private den/study and a screened-in porch overlooking professionally designed landscaping. A perfect blend of comfort and style!

Neighborhood Data

Neighborhood data shown for ZIP Code: 44805, Ashland, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,098 (100%)
Owner Occupied HU	9,068 (64.3%)
Renter Occupied HU	3,892 (27.6%)
Vacant Housing Units	1,138 ( 8.1%)
Median Home Value	$181,882
Average Home Value	$234,167