105 W Mill StSomervilleOH45064
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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 Somerville at 105 W Mill St, Somerville, OH, 45064 offers $1,583/mo rent that, after a $1,101/mo payment, leaves $103/mo cash flow. Total monthly income is $1,583/mo, and annual cash flow is $1,239/yr on $74,588 cash. Return on cash invested measures 21.57% in year one, and rental yield stands at 8.44% at a $225,000 entry. Equity gained on principal adds $1,452/yr while 5% annual appreciation compounds into $62,163 by year five. Five-year ROI records 112.31% and total cumulative return in cash reaches $83,769. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,583/mo property income versus a $1,101/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1881
10,737 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45064, Somerville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,254 (100%) |
| Owner Occupied HU | 1,049 (83.7%) |
| Renter Occupied HU | 120 ( 9.6%) |
| Vacant Housing Units | 85 ( 6.8%) |
| Median Home Value | $317,227 |
| Average Home Value | $320,963 |
Housing Distribution
Address Breakdown
Residential
1,054
Single Family
1,054
Multi-Family
0
Businesses
13
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Listed by: Donna Gamblin • RE/MAX Victory + Affiliates
Mls Name: DABR MLS
Mls ID: #943059