11481 2nd Str NEMagnoliaOH44643
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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 Magnolia at 11481 2nd Str NE, Magnolia, OH, 44643 uses $37,758 cash to close to unlock $4,251/yr annual cash flow and $354/mo monthly cash flow. Total monthly income runs $1,103/mo, and a $557/mo payment keeps the spread at $354/mo. Purchase price stands at $113,900, and rental yield measures 11.62% with $1,103/mo rent. Return on cash invested shows 31.17% in year one, and 5% annual appreciation builds toward $31,468 over five years. Five-year ROI reaches 163.87% and total cumulative return in cash records $61,872. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,103/mo property income covering a $557/mo payment rather than investor’s personal income.
Manufactured
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44643, Magnolia, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,345 (100%) |
| Owner Occupied HU | 972 (72.3%) |
| Renter Occupied HU | 294 (21.9%) |
| Vacant Housing Units | 79 ( 5.9%) |
| Median Home Value | $209,188 |
| Average Home Value | $236,713 |
Housing Distribution
Address Breakdown
Residential
1,198
Single Family
1,198
Multi-Family
0
Businesses
63
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