12 S. Ludlow St.PhillipsburgOH45354
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Phillipsburg rental at 12 S. Ludlow St, Phillipsburg, OH, 45354 sits in the solid-income band: 11.97% gross yield, $1,445/mo rent, $492/mo net after the $652/mo debt service, DSCR 2.22. Entry price of $144,900 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $40,033 and $1,335/yr in principal reduction bring total cumulative return to $86,869.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 12% | 6.2% |
| Monthly Cash Flow | $492 | $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 | $1,445 |
| Total Monthly Debt Service | $895 |
| DSCR Ratio | 1.61x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Single Family
Built in 1935
3,959 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45354, Phillipsburg, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 147 (100%) |
| Owner Occupied HU | 100 (68.0%) |
| Renter Occupied HU | 30 (20.4%) |
| Vacant Housing Units | 17 (11.6%) |
| Median Home Value | $291,667 |
| Average Home Value | $290,825 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
24
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
Single Family
Built in 1935
3,959 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45354, Phillipsburg, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 147 (100%) |
| Owner Occupied HU | 100 (68.0%) |
| Renter Occupied HU | 30 (20.4%) |
| Vacant Housing Units | 17 (11.6%) |
| Median Home Value | $291,667 |
| Average Home Value | $290,825 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
24
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kelli Schulte • eXp Realty
Mls Name: DABR MLS
Mls ID: #939089