12 3rd AveMount 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 12 3rd Ave, Mount Vernon, OH, 43050 listed at $160,000 pairs $1,475/mo rent with a $783/mo payment to leave $423/mo cash flow. Total monthly income runs $1,475/mo, and annual cash flow reaches $5,072/yr on $53,040 cash to close. Return on cash invested measures 29.47% in year one, and rental yield registers 11.06% at a $160,000 basis. Equity gained on principal adds $1,032/yr, and annual property appreciation at 5% supports $44,205 by year five. Five-year ROI tracks 154.66% and total cumulative return in cash totals $82,034. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,475/mo property income relative to a $783/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1910
5,209 sqft 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: Sam Miller • Re/Max Stars
Mls Name: KCBR
Mls ID: #20250825