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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Mount Gilead at 117 N Walnut St, Mount Gilead, OH, 43338 priced at $120,000 converts $1,392/mo rent into $602/mo cash flow after a $587/mo obligation. Total monthly income equals $1,392/mo, and annual cash flow totals $7,226/yr on $39,780 invested. Return on cash invested prints 38.07% in year one, and rental yield reads 13.92% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 200.86% and total cumulative return in cash sums $79,903. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,392/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 43338, Mount Gilead, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,597 (100%) |
| Owner Occupied HU | 3,210 (69.8%) |
| Renter Occupied HU | 885 (19.3%) |
| Vacant Housing Units | 502 (10.9%) |
| Median Home Value | $222,399 |
| Average Home Value | $249,426 |
Residential
4,314
Single Family
4,262
Multi-Family
52
Businesses
309
Date | Event | Price |
|---|---|---|
| 2025-03-04 | Sold | $120,000 |
| 2025-01-24 | Contingent | $124,700 |
| 2025-01-08 | Price change | $124,700 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-07-19 | $1833.22 | 74.14% | $39,270 | 30.73% |
| 2022-07-19 | $1052.74 | 4.95% | $30,040 | N/A |
| 2021-07-19 | $1003.06 | -0.05% | $30,040 | N/A |
Listed by: Carol A Lessick • Century 21 Excellence Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224029197
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.
