1129 Township Road 198MarengoOH43334
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 4.73% gross rental yield, 1129 Township Road 198, Marengo, OH, 43334 in Marengo is priced for capital growth, not immediate cash flow. The $429,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $118,525 by year five, with $3,951/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.88) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $90,700.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 4.7% | 6.2% |
| Monthly Cash Flow | $(1,130) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,692 |
| Total Monthly Debt Service | $2,651 |
| DSCR Ratio | 0.64x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 1957
3.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43334, Marengo, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,635 (100%) |
| Owner Occupied HU | 2,087 (79.2%) |
| Renter Occupied HU | 395 (15.0%) |
| Vacant Housing Units | 153 ( 5.8%) |
| Median Home Value | $283,078 |
| Average Home Value | $304,647 |
Housing Distribution
Address Breakdown
Residential
2,496
Single Family
2,496
Multi-Family
0
Businesses
134
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
Manufactured
Built in 1957
3.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43334, Marengo, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,635 (100%) |
| Owner Occupied HU | 2,087 (79.2%) |
| Renter Occupied HU | 395 (15.0%) |
| Vacant Housing Units | 153 ( 5.8%) |
| Median Home Value | $283,078 |
| Average Home Value | $304,647 |
Housing Distribution
Address Breakdown
Residential
2,496
Single Family
2,496
Multi-Family
0
Businesses
134
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices