2005 McClosky RdColumbianaOH44408
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 Columbiana at 2005 McClosky Rd, Columbiana, OH, 44408 offers a 9.59% rental yield on a $120,000 purchase with $959/mo rent. Total monthly income registers $959/mo, and a $587/mo payment leaves $170/mo available for distribution. Annual cash flow reaches $2,040/yr on $39,780 to close, and return on cash invested stands at 25.04% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,154 over five years. Portfolio math shows five-year ROI at 130.82% and total cumulative return in cash at $52,039. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $959/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
1.00 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44408, Columbiana, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,123 (100%) |
| Owner Occupied HU | 3,613 (70.5%) |
| Renter Occupied HU | 1,188 (23.2%) |
| Vacant Housing Units | 322 ( 6.3%) |
| Median Home Value | $227,749 |
| Average Home Value | $249,961 |
Housing Distribution
Address Breakdown
Residential
4,820
Single Family
4,442
Multi-Family
378
Businesses
492
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brenda S Palmer • Hardcastle Realty, LLC
Mls Name: MLS Now
Mls ID: #5181943