1617 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
Investment property for sale in Ironton at 1617 Karin St, Ironton, OH, 45638 with 5% annual appreciation on a $185,000 basis while $1,870/mo rent supports operations. Total monthly income totals $1,870/mo and a $905/mo payment preserves $654/mo for cash returns. Annual cash flow comes to $7,843/yr on $61,328 deployed, and return on cash invested reaches 32.7% in year one. Equity gained on principal adds $1,194/yr, and five-year appreciation sums $51,112 alongside rental yield of 12.13%. Five-year ROI measures 171.94% and total cumulative return in cash totals $105,447.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,870/mo property income versus a $905/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1957
0.25 Acres 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: Todd Jenkins • Bunch Real Estate Associates
Mls Name: HUNTMLS
Mls Provider:
Mls ID: #181249
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.