15 S Shafer St APT 303AthensOH45701
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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 Athens at 15 S Shafer St APT 303, Athens, OH, 45701 uses $41,438 cash to close to unlock $4,339/yr annual cash flow and $362/mo monthly cash flow. Total monthly income runs $1,184/mo, and a $612/mo payment keeps the spread at $362/mo. Purchase price stands at $125,000, and rental yield measures 11.37% with $1,184/mo rent. Return on cash invested shows 30.38% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 159.55% and total cumulative return in cash records $66,113. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,184/mo property income covering a $612/mo payment rather than investor’s personal income.
Condo
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45701, Athens, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,893 (100%) |
| Owner Occupied HU | 5,295 (41.1%) |
| Renter Occupied HU | 6,517 (50.5%) |
| Vacant Housing Units | 1,081 ( 8.4%) |
| Median Home Value | $246,885 |
| Average Home Value | $296,346 |
Housing Distribution
Address Breakdown
Residential
12,484
Single Family
10,439
Multi-Family
2,045
Businesses
1,282
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