106 N Edgewood RdMount VernonOH43050
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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 Mount Vernon at 106 N Edgewood Rd, Mount Vernon, OH, 43050 uses $66,134 cash to close to unlock $3,986/yr annual cash flow and $332/mo monthly cash flow. Total monthly income runs $1,644/mo, and a $976/mo payment keeps the spread at $332/mo. Purchase price stands at $199,500, and rental yield measures 9.89% with $1,644/mo rent. Return on cash invested shows 25.94% in year one, and 5% annual appreciation builds toward $55,118 over five years. Five-year ROI reaches 135.75% and total cumulative return in cash records $89,779. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,644/mo property income covering a $976/mo payment rather than investor’s personal income.
Single Family
Built in 1944
5,850 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43050, Mount Vernon, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,103 (100%) |
| Owner Occupied HU | 7,989 (61.0%) |
| Renter Occupied HU | 4,090 (31.2%) |
| Vacant Housing Units | 1,024 ( 7.8%) |
| Median Home Value | $218,132 |
| Average Home Value | $263,580 |
Housing Distribution
Address Breakdown
Residential
12,305
Single Family
11,517
Multi-Family
788
Businesses
1,007
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Listed by: Bob Phillips • Re/Max Stars
Mls Name: KCBR
Mls ID: #20250168
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.