1118 Lower DrKentOH44240
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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 Kent at 1118 Lower Dr, Kent, OH, 44240 generates $2,249/mo in rent and, after a $1,397/mo payment, leaves $371/mo in cash flow. Total monthly income is $2,249/mo, and annual cash flow is $4,457/yr on $94,643 invested. Return on cash invested sits at 24.62% in year one, and rental yield is 9.45% on a $285,500 entry. Equity gained on principal adds $1,842/yr, while 5% annual appreciation builds toward $78,878 over five years. Five-year ROI reaches 128.64% and total cumulative return in cash sums $121,747. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,249/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44240, Kent, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,908 (100%) |
| Owner Occupied HU | 9,003 (45.2%) |
| Renter Occupied HU | 9,113 (45.8%) |
| Vacant Housing Units | 1,792 ( 9.0%) |
| Median Home Value | $248,403 |
| Average Home Value | $283,411 |
Housing Distribution
Address Breakdown
Residential
18,271
Single Family
14,719
Multi-Family
3,552
Businesses
1,194
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