18 Ridge DrChillicotheOH45601
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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 Chillicothe at 18 Ridge Dr, Chillicothe, OH, 45601 generates $1,140/mo in rent, after a $1,664/mo payment. Total monthly income is $1,140/mo. Return on cash invested sits at 8.23% in year one, and rental yield is 4.02% on a $339,900 entry. Equity gained on principal adds $2,193/yr, while 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 40.75% and total cumulative return in cash sums $45,911. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,140/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45601, Chillicothe, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,375 (100%) |
| Owner Occupied HU | 14,645 (62.7%) |
| Renter Occupied HU | 7,048 (30.2%) |
| Vacant Housing Units | 1,682 ( 7.2%) |
| Median Home Value | $198,339 |
| Average Home Value | $228,272 |
Housing Distribution
Address Breakdown
Residential
22,769
Single Family
21,479
Multi-Family
1,290
Businesses
1,662
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Listed by: Jason N Langley • Langley, Realtors&Auctioneers
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #226001582