11164 Erastus Durbin RdRockfordOH45882
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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 Rockford at 11164 Erastus Durbin Rd, Rockford, OH, 45882 offers a 9.94% rental yield on a $1,450,000 purchase with $12,014/mo rent. Total monthly income registers $12,014/mo, and a $7,097/mo payment leaves $2,476/mo available for distribution. Annual cash flow reaches $29,714/yr on $469,800 to close, and return on cash invested stands at 26.69% in year one. Equity gained on principal adds $9,357/yr while 5% annual appreciation supports $400,608 over five years. Portfolio math shows five-year ROI at 139.66% and total cumulative return in cash at $656,109. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $12,014/mo property income against a $7,097/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2009
27.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45882, Rockford, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,192 (100%) |
| Owner Occupied HU | 939 (78.8%) |
| Renter Occupied HU | 183 (15.4%) |
| Vacant Housing Units | 70 ( 5.9%) |
| Median Home Value | $170,711 |
| Average Home Value | $203,206 |
Housing Distribution
Address Breakdown
Residential
1,111
Single Family
1,090
Multi-Family
21
Businesses
68
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
No similar price properties found nearby.
Listed by: Betty DuBry • Master Key Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202334003
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.