1117 Rainbow AveVickeryOH43464
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
Investment property for sale in Vickery at 1117 Rainbow Ave, Vickery, OH, 43464 uses $65,969 cash to close to unlock $2,736/yr annual cash flow and $228/mo monthly cash flow. Total monthly income runs $1,537/mo, and a $974/mo payment keeps the spread at $228/mo. Purchase price stands at $199,000, and rental yield measures 9.27% with $1,537/mo rent. Return on cash invested shows 24.06% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 125.67% and total cumulative return in cash records $82,902. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,537/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1929
2,382 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43464, Vickery, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 715 (100%) |
| Owner Occupied HU | 436 (61.0%) |
| Renter Occupied HU | 150 (21.0%) |
| Vacant Housing Units | 129 (18.0%) |
| Median Home Value | $192,442 |
| Average Home Value | $220,510 |
Housing Distribution
Address Breakdown
Residential
614
Single Family
614
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices