16935 Road 224CecilOH45821
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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 Cecil at 16935 Road 224, Cecil, OH, 45821 listed at $199,900 pairs $1,817/mo rent with a $978/mo payment to leave $503/mo cash flow. Total monthly income runs $1,817/mo, and annual cash flow reaches $6,030/yr on $66,267 cash to close. Return on cash invested measures 29.01% in year one, and rental yield registers 10.91% at a $199,900 basis. Equity gained on principal adds $1,290/yr, and annual property appreciation at 5% supports $55,229 by year five. Five-year ROI tracks 152.19% and total cumulative return in cash totals $100,849. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,817/mo property income relative to a $978/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2010
5.14 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 45821, Cecil, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 567 (100%) |
| Owner Occupied HU | 447 (78.8%) |
| Renter Occupied HU | 42 ( 7.4%) |
| Vacant Housing Units | 78 (13.8%) |
| Median Home Value | $169,250 |
| Average Home Value | $201,421 |
Housing Distribution
Address Breakdown
Residential
497
Single Family
497
Multi-Family
0
Businesses
11
Price History
Date | Event | Price |
|---|---|---|
| 2024-12-20 | Listed for sale | $199,900 |
| 2022-11-07 | Sold | $76,200 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-08 | $1144.96 | -2.43% | $34,380 | N/A |
| 2022-01-08 | $1173.48 | 72.37% | $34,380 | 86.34% |
| 2021-01-08 | $680.80 | -3.27% | $18,450 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2010
- Architectural Style: N/A
- Building Area: N/A
- Living Area: 1,600 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Forced Air, Natural Gas
- Cooling: None
- Flooring: N/A
- Interior Features: Other
- Exterior Features: N/A
- Parking Features: Driveway, Gravel, Other
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Sanitary
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Paulding
- Middle School: N/A
- High School: Paulding
Listed by: Matthew Robert Watson • RE/MAX Preferred Associates
Mls Name: NORIS
Mls ID: #6124237
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. 2024 NORIS. All rights reserved.