12850 N High StSouth SolonOH43153
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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 South Solon at 12850 N High St, South Solon, OH, 43153 offers a 9.29% rental yield on a $119,000 purchase with $921/mo rent. Total monthly income registers $921/mo, and a $582/mo payment leaves $139/mo available for distribution. Annual cash flow reaches $1,664/yr on $39,449 to close, and return on cash invested stands at 24.13% in year one. Equity gained on principal adds $768/yr while 5% annual appreciation supports $32,878 over five years. Portfolio math shows five-year ROI at 126.01% and total cumulative return in cash at $49,709. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $921/mo property income against a $582/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1929
8,058 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43153, South Solon, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 397 (100%) |
| Owner Occupied HU | 273 (68.8%) |
| Renter Occupied HU | 77 (19.4%) |
| Vacant Housing Units | 47 (11.8%) |
| Median Home Value | $246,875 |
| Average Home Value | $258,718 |
Housing Distribution
Address Breakdown
Residential
306
Single Family
306
Multi-Family
0
Businesses
18
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Listed by: Matthew W Taylor • Coldwell Banker Heritage
Mls Name: DABR MLS
Mls ID: #946758