16298 S Canaan RdAthensOH45701
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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 Athens at 16298 S Canaan Rd, Athens, OH, 45701 uses $148,844 cash to close to unlock $1,910/yr annual cash flow and $159/mo monthly cash flow. Total monthly income runs $3,113/mo, and a $2,198/mo payment keeps the spread at $159/mo. Purchase price stands at $449,000, and rental yield measures 8.32% with $3,113/mo rent. Return on cash invested shows 21.19% in year one, and 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 110.25% and total cumulative return in cash records $164,104. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,113/mo property income covering a $2,198/mo payment rather than investor’s personal income.
Single Family
Built in 1900
2.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45701, Athens, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,893 (100%) |
| Owner Occupied HU | 5,295 (41.1%) |
| Renter Occupied HU | 6,517 (50.5%) |
| Vacant Housing Units | 1,081 ( 8.4%) |
| Median Home Value | $246,885 |
| Average Home Value | $296,346 |
Housing Distribution
Address Breakdown
Residential
12,484
Single Family
10,439
Multi-Family
2,045
Businesses
1,282
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Listed by: Liz Maule • The Athens Real Estate Co., Ltd.
Mls Name: Athens County BOR
Mls Provider:
Mls ID: #2433009
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.