2 N County Road 15Green SpringsOH44836
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Nearby investment properties with comparable prices
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 Green Springs at 2 N County Road 15, Green Springs, OH, 44836 priced at $119,000 pairs $1,039/mo rent with $257/mo cash flow after a $582/mo payment. Total monthly income equals $1,039/mo, and annual cash flow comes to $3,080/yr on $39,449 invested. Return on cash invested is 27.72% in year one, and rental yield stands at 10.48% on a $119,000 basis. Equity gained on principal adds $768/yr, and 5% annual appreciation accumulates to $32,878 by year five. Five-year ROI measures 145.24% and total cumulative return in cash reaches $57,293. For financing, Ziffy Mortgage’s DSCR program evaluates $1,039/mo property income against a $582/mo payment instead of your W2s, 1099s, or Tax returns.
Lot
Built in N/A
5.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44836, Green Springs, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,055 (100%) |
| Owner Occupied HU | 790 (74.9%) |
| Renter Occupied HU | 167 (15.8%) |
| Vacant Housing Units | 98 ( 9.3%) |
| Median Home Value | $175,746 |
| Average Home Value | $186,877 |
Housing Distribution
Address Breakdown
Residential
868
Single Family
868
Multi-Family
0
Businesses
49
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Listed by: Kyle M. Recker • Howard Hanna - Port Clinton
Mls Name: Firelands MLS
Mls ID: #20242621
Disclaimer: Listing information is deemed reliable, but not guaranteed.