1496 Melrose AveKetteringOH45409
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 Kettering at 1496 Melrose Ave, Kettering, OH, 45409 priced at $219,900 converts $1,247/mo rent into after a $1,076/mo obligation. Total monthly income equals $1,247/mo. Return on cash invested prints 16.25% in year one, and rental yield reads 6.8% against a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation compiles into $60,754 by year five. Five-year ROI reaches 83.89% and total cumulative return in cash sums $61,156. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,247/mo property income covering a $1,076/mo payment, not borrower’s personal income.
Single Family
Built in 1941
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45409, Dayton, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,575 (100%) |
| Owner Occupied HU | 1,884 (52.7%) |
| Renter Occupied HU | 980 (27.4%) |
| Vacant Housing Units | 711 (19.9%) |
| Median Home Value | $301,280 |
| Average Home Value | $316,527 |
Housing Distribution
Address Breakdown
Residential
4,081
Single Family
3,210
Multi-Family
871
Businesses
382
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tami Holmes • Tami Holmes Realty
Mls Name: DABR MLS
Mls Provider:
Mls ID: #930172
Disclaimer: IDX 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. Copyright Dayton Area Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.