1507 Johnstown Rd NEDoverOH44622
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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 Dover at 1507 Johnstown Rd NE, Dover, OH, 44622 earns $51/mo cash flow from $2,353/mo rent with a $1,713/mo payment. Total monthly income totals $2,353/mo, and annual cash flow totals $612/yr on $115,992 capital. ROI tracks 20.44% on current figures, and rental yield reads 8.07% at a $349,900 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,671 over five years. Five-year ROI reaches 106.17% and total cumulative return in cash sums $123,150. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,353/mo property income instead of your personal income.
Single Family
Built in 2006
1.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44622, Dover, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,285 (100%) |
| Owner Occupied HU | 5,472 (66.0%) |
| Renter Occupied HU | 2,243 (27.1%) |
| Vacant Housing Units | 570 ( 6.9%) |
| Median Home Value | $232,976 |
| Average Home Value | $281,470 |
Housing Distribution
Address Breakdown
Residential
7,946
Single Family
7,548
Multi-Family
398
Businesses
704
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