112 S East StRidgewayOH43345
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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 Ridgeway at 112 S East St, Ridgeway, OH, 43345 with 5% annual appreciation on a $159,900 basis while $1,243/mo rent supports operations. Total monthly income totals $1,243/mo and a $783/mo payment preserves $191/mo for cash returns. Annual cash flow comes to $2,290/yr on $53,007 deployed, and return on cash invested reaches 24.23% in year one. Equity gained on principal adds $1,032/yr, and five-year appreciation sums $44,177 alongside rental yield of 9.33%. Five-year ROI measures 126.54% and total cumulative return in cash totals $67,074.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,243/mo property income versus a $783/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43345, Ridgeway, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 362 (100%) |
| Owner Occupied HU | 293 (80.9%) |
| Renter Occupied HU | 39 (10.8%) |
| Vacant Housing Units | 30 ( 8.3%) |
| Median Home Value | $216,776 |
| Average Home Value | $237,321 |
Housing Distribution
Address Breakdown
Residential
306
Single Family
306
Multi-Family
0
Businesses
10
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Listed by: Susan Whitaker • Century 21 Sunway Realty-Kenton
Mls Name: WCAR OH
Mls Provider:
Mls ID: #305440
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.