20 Spruce StMount VernonOH43050
Nearby investment properties with comparable rents
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
Investment property for sale in Mount Vernon at 20 Spruce St, Mount Vernon, OH, 43050 with 5% annual appreciation on a $204,000 basis while $1,679/mo rent supports operations. Total monthly income totals $1,679/mo and a $998/mo payment preserves $338/mo for cash returns. Annual cash flow comes to $4,051/yr on $67,626 deployed, and return on cash invested reaches 25.9% in year one. Equity gained on principal adds $1,316/yr, and five-year appreciation sums $56,361 alongside rental yield of 9.88%. Five-year ROI measures 135.52% and total cumulative return in cash totals $91,648.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,679/mo property income versus a $998/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1949
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43050, Mount Vernon, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,103 (100%) |
| Owner Occupied HU | 7,989 (61.0%) |
| Renter Occupied HU | 4,090 (31.2%) |
| Vacant Housing Units | 1,024 ( 7.8%) |
| Median Home Value | $218,132 |
| Average Home Value | $263,580 |
Housing Distribution
Address Breakdown
Residential
12,305
Single Family
11,517
Multi-Family
788
Businesses
1,007
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nina Campbell • Red 1 Realty Columbus
Mls Name: KCBR
Mls ID: #20240743
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. Information is deemed reliable but not guaranteed.