150 S Main StProspectOH43342
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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 Prospect at 150 S Main St, Prospect, OH, 43342 priced at $223,000 converts $1,562/mo rent into $96/mo cash flow after a $1,091/mo obligation. Total monthly income equals $1,562/mo, and annual cash flow totals $1,147/yr on $73,925 invested. Return on cash invested prints 21.46% in year one, and rental yield reads 8.41% against a $223,000 entry. Equity gained on principal adds $1,439/yr, while 5% annual appreciation compiles into $61,611 by year five. Five-year ROI reaches 111.69% and total cumulative return in cash sums $82,565. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,562/mo property income covering a $1,091/mo payment, not borrower’s personal income.
Single Family
Built in 1900
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43342, Prospect, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,331 (100%) |
| Owner Occupied HU | 1,040 (78.1%) |
| Renter Occupied HU | 194 (14.6%) |
| Vacant Housing Units | 97 ( 7.3%) |
| Median Home Value | $262,963 |
| Average Home Value | $321,389 |
Housing Distribution
Address Breakdown
Residential
1,344
Single Family
1,344
Multi-Family
0
Businesses
44
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Listed by: Katie Jerew • Key Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225015730
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. Information is deemed reliable but not guaranteed.