179 Edgewood DrAmherstOH44001
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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 Amherst at 179 Edgewood Dr, Amherst, OH, 44001 offers $2,382/mo rent that, after a $1,380/mo payment, leaves $527/mo cash flow. Total monthly income is $2,382/mo, and annual cash flow is $6,328/yr on $93,483 cash. Return on cash invested measures 26.68% in year one, and rental yield stands at 10.14% at a $282,000 entry. Equity gained on principal adds $1,820/yr while 5% annual appreciation compounds into $77,911 by year five. Five-year ROI records 139.68% and total cumulative return in cash reaches $130,573. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,382/mo property income versus a $1,380/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44001, Amherst, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,218 (100%) |
| Owner Occupied HU | 7,702 (83.6%) |
| Renter Occupied HU | 1,154 (12.5%) |
| Vacant Housing Units | 362 ( 3.9%) |
| Median Home Value | $254,032 |
| Average Home Value | $275,217 |
Housing Distribution
Address Breakdown
Residential
9,107
Single Family
8,815
Multi-Family
292
Businesses
627
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