1993 State Route 162 ENorth FairfieldOH44855
Nearby investment properties with comparable rents
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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 North Fairfield at 1993 State Route 162 E, North Fairfield, OH, 44855 generates $2,515/mo in rent and, after a $1,175/mo payment, leaves $936/mo in cash flow. Total monthly income is $2,515/mo, and annual cash flow is $11,232/yr on $79,560 invested. Return on cash invested sits at 34.03% in year one, and rental yield is 12.57% on a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 179.04% and total cumulative return in cash sums $142,442. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,515/mo property income rather than buyer’s personal income.
Manufactured
Built in 2000
5.00 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44855, North Fairfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 444 (100%) |
| Owner Occupied HU | 340 (76.6%) |
| Renter Occupied HU | 60 (13.5%) |
| Vacant Housing Units | 44 ( 9.9%) |
| Median Home Value | $169,149 |
| Average Home Value | $182,382 |
Housing Distribution
Address Breakdown
Residential
432
Single Family
432
Multi-Family
0
Businesses
20
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Listed by: Asa A Cox • CENTURY 21 Asa Cox Homes
Mls Name: MLS Now
Mls Provider:
Mls ID: #5128591
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