140 W Summit StAllianceOH44601
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
Investment Highlights
Rental property for sale in Alliance at 140 W Summit St, Alliance, OH, 44601 offers $1,081/mo rent that, after a $534/mo payment, leaves $364/mo cash flow. Total monthly income is $1,081/mo, and annual cash flow is $4,362/yr on $36,134 cash. Return on cash invested measures 31.98% in year one, and rental yield stands at 11.9% at a $109,000 entry. Equity gained on principal adds $703/yr while 5% annual appreciation compounds into $30,115 by year five. Five-year ROI records 168.17% and total cumulative return in cash reaches $60,766. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,081/mo property income versus a $534/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1907
5,161 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44601, Alliance, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,809 (100%) |
| Owner Occupied HU | 8,563 (57.8%) |
| Renter Occupied HU | 4,914 (33.2%) |
| Vacant Housing Units | 1,332 ( 9.0%) |
| Median Home Value | $169,580 |
| Average Home Value | $200,568 |
Housing Distribution
Address Breakdown
Residential
14,023
Single Family
13,311
Multi-Family
712
Businesses
978
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