1613 Karin StIrontonOH45638
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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 Ironton at 1613 Karin St, Ironton, OH, 45638 priced at $129,900 converts $1,184/mo rent into $329/mo cash flow after a $636/mo obligation. Total monthly income equals $1,184/mo, and annual cash flow totals $3,952/yr on $43,062 invested. Return on cash invested prints 29.09% in year one, and rental yield reads 10.94% against a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation compiles into $35,889 by year five. Five-year ROI reaches 152.64% and total cumulative return in cash sums $65,731. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,184/mo property income covering a $636/mo payment, not borrower’s personal income.
Single Family
Built in 1962
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45638, Ironton, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,043 (100%) |
| Owner Occupied HU | 5,319 (58.8%) |
| Renter Occupied HU | 2,626 (29.0%) |
| Vacant Housing Units | 1,098 (12.1%) |
| Median Home Value | $126,233 |
| Average Home Value | $151,706 |
Housing Distribution
Address Breakdown
Residential
8,724
Single Family
8,426
Multi-Family
298
Businesses
612
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Listed by: Heather Williams • Bunch Real Estate Associates
Mls Name: HUNTMLS
Mls Provider:
Mls ID: #181026
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.