1345 Cherry StMillburyOH43447
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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 Millbury at 1345 Cherry St, Millbury, OH, 43447 generates $1,872/mo in rent and, after a $1,158/mo payment, leaves $316/mo in cash flow. Total monthly income is $1,872/mo, and annual cash flow is $3,791/yr on $78,400 invested. Return on cash invested sits at 24.74% in year one, and rental yield is 9.5% on a $236,500 entry. Equity gained on principal adds $1,526/yr, while 5% annual appreciation builds toward $65,341 over five years. Five-year ROI reaches 129.29% and total cumulative return in cash sums $101,359. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,872/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43447, Millbury, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,577 (100%) |
| Owner Occupied HU | 1,307 (82.9%) |
| Renter Occupied HU | 203 (12.9%) |
| Vacant Housing Units | 67 ( 4.2%) |
| Median Home Value | $224,786 |
| Average Home Value | $248,917 |
Housing Distribution
Address Breakdown
Residential
1,383
Single Family
1,383
Multi-Family
0
Businesses
87
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Listed by: Jennifer L Behnke • Howard Hanna
Mls Name: NORIS
Mls ID: #6132769
Disclaimer: Listing 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. 2025 NORIS. All rights reserved.