120 N Broadway StRacineOH45771
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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 Racine at 120 N Broadway St, Racine, OH, 45771 with 5% annual appreciation on a $148,000 basis while $1,173/mo rent supports operations. Total monthly income totals $1,173/mo and a $724/mo payment preserves $200/mo for cash returns. Annual cash flow comes to $2,398/yr on $49,062 deployed, and return on cash invested reaches 24.8% in year one. Equity gained on principal adds $955/yr, and five-year appreciation sums $40,890 alongside rental yield of 9.51%. Five-year ROI measures 129.59% and total cumulative return in cash totals $63,578.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,173/mo property income versus a $724/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45771, Racine, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,625 (100%) |
| Owner Occupied HU | 1,109 (68.2%) |
| Renter Occupied HU | 305 (18.8%) |
| Vacant Housing Units | 211 (13.0%) |
| Median Home Value | $159,510 |
| Average Home Value | $237,272 |
Housing Distribution
Address Breakdown
Residential
1,289
Single Family
1,289
Multi-Family
0
Businesses
78
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Listed by: Amy Jackson • Century 21 HomeStar
Mls Name: Athens County BOR
Mls Provider:
Mls ID: #2433613
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.