117 Colonial Woods DrMount VernonOH43050
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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 Mount Vernon at 117 Colonial Woods Dr, Mount Vernon, OH, 43050 earns $459/mo cash flow from $2,299/mo rent with a $1,369/mo payment. Total monthly income totals $2,299/mo, and annual cash flow totals $5,509/yr on $92,746 capital. ROI tracks 25.85% on current figures, and rental yield reads 9.86% at a $279,777 purchase. Equity gained on principal adds $1,805/yr, and 5% annual appreciation supports $77,297 over five years. Five-year ROI reaches 135.25% and total cumulative return in cash sums $125,435. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,299/mo property income instead of your personal income.
Condo
Built in 2007
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43050, Mount Vernon, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,103 (100%) |
| Owner Occupied HU | 7,989 (61.0%) |
| Renter Occupied HU | 4,090 (31.2%) |
| Vacant Housing Units | 1,024 ( 7.8%) |
| Median Home Value | $218,132 |
| Average Home Value | $263,580 |
Housing Distribution
Address Breakdown
Residential
12,305
Single Family
11,517
Multi-Family
788
Businesses
1,007
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Listed by: Dave Culbertson • Howard Hanna Real Estate Services
Mls Name: KCBR
Mls ID: #20250407