10904 Salem RdAthensOH45701
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 Athens at 10904 Salem Rd, Athens, OH, 45701 generates $1,115/mo in rent, after a $1,224/mo payment. Total monthly income is $1,115/mo. Return on cash invested sits at 12.24% in year one, and rental yield is 5.35% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 62.25% and total cumulative return in cash sums $51,586. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,115/mo property income rather than buyer’s personal income.
Manufactured
Built in 1997
5.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45701, Athens, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,893 (100%) |
| Owner Occupied HU | 5,295 (41.1%) |
| Renter Occupied HU | 6,517 (50.5%) |
| Vacant Housing Units | 1,081 ( 8.4%) |
| Median Home Value | $246,885 |
| Average Home Value | $296,346 |
Housing Distribution
Address Breakdown
Residential
12,484
Single Family
10,439
Multi-Family
2,045
Businesses
1,282
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Miki Brooks • Ohio Realty
Mls Name: Athens County BOR
Mls Provider:
Mls ID: #2432643
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.