202 Grand AveRussells PointOH43348
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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 Russells Point at 202 Grand Ave, Russells Point, OH, 43348 priced at $178,000 converts $1,424/mo rent into $253/mo cash flow after a $871/mo obligation. Total monthly income equals $1,424/mo, and annual cash flow totals $3,040/yr on $59,007 invested. Return on cash invested prints 25.06% in year one, and rental yield reads 9.6% against a $178,000 entry. Equity gained on principal adds $1,149/yr, while 5% annual appreciation compiles into $49,178 by year five. Five-year ROI reaches 131.03% and total cumulative return in cash sums $77,317. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,424/mo property income covering a $871/mo payment, not borrower’s personal income.
Single Family
Built in 1900
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43348, Russells Point, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,487 (100%) |
| Owner Occupied HU | 544 (36.6%) |
| Renter Occupied HU | 261 (17.6%) |
| Vacant Housing Units | 682 (45.9%) |
| Median Home Value | $218,750 |
| Average Home Value | $284,223 |
Housing Distribution
Address Breakdown
Residential
1,039
Single Family
1,036
Multi-Family
3
Businesses
122
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Listed by: Lori Newman • Key Realty
Mls Name: WRIST
Mls ID: #1041680