1511 Beachview DrLake MiltonOH44429
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 Lake Milton at 1511 Beachview Dr, Lake Milton, OH, 44429 generates $1,005/mo in rent and, after a $612/mo payment, leaves $183/mo in cash flow. Total monthly income is $1,005/mo, and annual cash flow is $2,191/yr on $41,438 invested. Return on cash invested sits at 25.2% in year one, and rental yield is 9.65% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 131.75% and total cumulative return in cash sums $54,593. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,005/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
5,096 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44429, Lake Milton, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,503 (100%) |
| Owner Occupied HU | 880 (58.5%) |
| Renter Occupied HU | 219 (14.6%) |
| Vacant Housing Units | 404 (26.9%) |
| Median Home Value | $243,836 |
| Average Home Value | $299,028 |
Housing Distribution
Address Breakdown
Residential
1,383
Single Family
1,288
Multi-Family
95
Businesses
82
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tina Cox • Howard Hanna
Mls Name: MLS Now
Mls ID: #5107801