144 Meadow DrFranklin FurnaceOH45629
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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 Franklin Furnace at 144 Meadow Dr, Franklin Furnace, OH, 45629 generates $2,528/mo in rent and, after a $1,150/mo payment, leaves $982/mo in cash flow. Total monthly income is $2,528/mo, and annual cash flow is $11,789/yr on $77,903 invested. Return on cash invested sits at 35.04% in year one, and rental yield is 12.91% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 184.53% and total cumulative return in cash sums $143,752. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,528/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45629, Franklin Furnace, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,361 (100%) |
| Owner Occupied HU | 924 (67.9%) |
| Renter Occupied HU | 275 (20.2%) |
| Vacant Housing Units | 162 (11.9%) |
| Median Home Value | $175,602 |
| Average Home Value | $207,965 |
Housing Distribution
Address Breakdown
Residential
1,242
Single Family
1,242
Multi-Family
0
Businesses
50
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Listed by: Steven Gates • REAL ESTATE GALLERY, INC.
Mls Name: GPABR
Mls ID: #152046
Disclaimer: Copyright Greater Portsmouth Area Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.