1242 Schneiders Crossing Rd NW APT CDoverOH44622
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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
Rental property for sale in Dover at 1242 Schneiders Crossing Rd NW APT C, Dover, OH, 44622 generates $3,600/mo in rent and, after a $783/mo payment, leaves $2,548/mo in cash flow. Total monthly income is $3,600/mo, and annual cash flow is $30,574/yr on $53,007 invested. Return on cash invested sits at 77.59% in year one, and rental yield is 27.02% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 412.65% and total cumulative return in cash sums $218,730. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,600/mo property income rather than buyer’s personal income.
Condo
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44622, Dover, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,285 (100%) |
| Owner Occupied HU | 5,472 (66.0%) |
| Renter Occupied HU | 2,243 (27.1%) |
| Vacant Housing Units | 570 ( 6.9%) |
| Median Home Value | $232,976 |
| Average Home Value | $281,470 |
Housing Distribution
Address Breakdown
Residential
7,946
Single Family
7,548
Multi-Family
398
Businesses
704
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