1840 N State Route 589CasstownOH45312
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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 Casstown at 1840 N State Route 589, Casstown, OH, 45312 uses $84,533 cash to close to unlock $1,461/yr annual cash flow and $122/mo monthly cash flow. Total monthly income runs $1,799/mo, and a $1,248/mo payment keeps the spread at $122/mo. Purchase price stands at $255,000, and rental yield measures 8.47% with $1,799/mo rent. Return on cash invested shows 21.64% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 112.62% and total cumulative return in cash records $95,204. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,799/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 1949
1.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45312, Casstown, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 602 (100%) |
| Owner Occupied HU | 500 (83.1%) |
| Renter Occupied HU | 65 (10.8%) |
| Vacant Housing Units | 37 ( 6.1%) |
| Median Home Value | $302,410 |
| Average Home Value | $398,525 |
Housing Distribution
Address Breakdown
Residential
489
Single Family
489
Multi-Family
0
Businesses
34
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Listed by: Ryan Havenar • Bruns Realty Group, LLC
Mls Name: DABR MLS
Mls Provider:
Mls ID: #936083
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. Copyright Dayton Area Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.