106 River LnHeathOH43056
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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 Heath at 106 River Ln, Heath, OH, 43056 priced at $349,900 converts $2,791/mo rent into $489/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,791/mo, and annual cash flow totals $5,868/yr on $115,992 invested. Return on cash invested prints 24.97% in year one, and rental yield reads 9.57% against a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,671 by year five. Five-year ROI reaches 130.47% and total cumulative return in cash sums $151,338. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,791/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Condo
Built in 2009
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43056, Heath, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,591 (100%) |
| Owner Occupied HU | 5,490 (72.3%) |
| Renter Occupied HU | 1,816 (23.9%) |
| Vacant Housing Units | 285 ( 3.8%) |
| Median Home Value | $283,417 |
| Average Home Value | $310,703 |
Housing Distribution
Address Breakdown
Residential
7,530
Single Family
7,278
Multi-Family
252
Businesses
601
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