16 Horseshoe DrMonroevilleOH44847
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 16 Horseshoe Dr, Monroeville, OH, 44847 in Monroeville at $120,000 earns $964/mo in rent and nets $175/mo after the $540/mo payment, a 9.64% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $33,154 over five years. Ziffy Mortgage underwrites this on a 1.79 DSCR without U.S. credit history. With $1,105/yr in principal paydown, total projected return reaches $56,925.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.2% |
| Monthly Cash Flow | $175 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $964 |
| Total Monthly Debt Service | $742 |
| DSCR Ratio | 1.30x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1957
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44847, Monroeville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,501 (100%) |
| Owner Occupied HU | 1,139 (75.9%) |
| Renter Occupied HU | 276 (18.4%) |
| Vacant Housing Units | 86 ( 5.7%) |
| Median Home Value | $199,867 |
| Average Home Value | $230,217 |
Housing Distribution
Address Breakdown
Residential
1,316
Single Family
1,298
Multi-Family
18
Businesses
84
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
Single Family
Built in 1957
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44847, Monroeville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,501 (100%) |
| Owner Occupied HU | 1,139 (75.9%) |
| Renter Occupied HU | 276 (18.4%) |
| Vacant Housing Units | 86 ( 5.7%) |
| Median Home Value | $199,867 |
| Average Home Value | $230,217 |
Housing Distribution
Address Breakdown
Residential
1,316
Single Family
1,298
Multi-Family
18
Businesses
84
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael E Hoffman • RE/MAX Consultant Group
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #225024916