159 Harris AveHeathOH43056
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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 Heath at 159 Harris Ave, Heath, OH, 43056 offers a 9.73% rental yield on a $225,777 purchase with $1,830/mo rent. Total monthly income registers $1,830/mo, and a $1,105/mo payment leaves $333/mo available for distribution. Annual cash flow reaches $3,990/yr on $74,845 to close, and return on cash invested stands at 25.24% in year one. Equity gained on principal adds $1,457/yr while 5% annual appreciation supports $62,378 over five years. Portfolio math shows five-year ROI at 132.03% and total cumulative return in cash at $98,821. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,830/mo property income against a $1,105/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43056, Heath, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,591 (100%) |
| Owner Occupied HU | 5,490 (72.3%) |
| Renter Occupied HU | 1,816 (23.9%) |
| Vacant Housing Units | 285 ( 3.8%) |
| Median Home Value | $283,417 |
| Average Home Value | $310,703 |
Housing Distribution
Address Breakdown
Residential
7,530
Single Family
7,278
Multi-Family
252
Businesses
601
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Listed by: William A Mickey • RE/MAX Premier Choice
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224036057
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.