2023 Lakewood Rd SWSherrodsvilleOH44675
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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 Sherrodsville at 2023 Lakewood Rd SW, Sherrodsville, OH, 44675 generates $3,191/mo in rent, after a $5,384/mo payment. Total monthly income is $3,191/mo. Return on cash invested sits at 6.75% in year one, and rental yield is 3.48% on a $1,100,000 entry. Equity gained on principal adds $7,098/yr, while 5% annual appreciation builds toward $303,910 over five years. Five-year ROI reaches 32.72% and total cumulative return in cash sums $116,599. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,191/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44675, Sherrodsville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,040 (100%) |
| Owner Occupied HU | 625 (60.1%) |
| Renter Occupied HU | 138 (13.3%) |
| Vacant Housing Units | 277 (26.6%) |
| Median Home Value | $184,267 |
| Average Home Value | $221,136 |
Housing Distribution
Address Breakdown
Residential
815
Single Family
815
Multi-Family
0
Businesses
40
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