1676 Old Delaware RdMount VernonOH43050
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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 Mount Vernon at 1676 Old Delaware Rd, Mount Vernon, OH, 43050 generates $1,636/mo in rent and, after a $876/mo payment, leaves $421/mo in cash flow. Total monthly income is $1,636/mo, and annual cash flow is $5,057/yr on $59,339 invested. Return on cash invested sits at 28.43% in year one, and rental yield is 10.97% on a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 149.37% and total cumulative return in cash sums $88,635. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,636/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
1.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43050, Mount Vernon, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,103 (100%) |
| Owner Occupied HU | 7,989 (61.0%) |
| Renter Occupied HU | 4,090 (31.2%) |
| Vacant Housing Units | 1,024 ( 7.8%) |
| Median Home Value | $218,132 |
| Average Home Value | $263,580 |
Housing Distribution
Address Breakdown
Residential
12,305
Single Family
11,517
Multi-Family
788
Businesses
1,007
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