2053 Snook RdFranklin FurnaceOH45629
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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 Franklin Furnace at 2053 Snook Rd, Franklin Furnace, OH, 45629 generates $1,237/mo in rent, after a $1,708/mo payment. Total monthly income is $1,237/mo. Return on cash invested sits at 8.93% in year one, and rental yield is 4.25% on a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 44.48% and total cumulative return in cash sums $51,456. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,237/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
6.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45629, Franklin Furnace, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,361 (100%) |
| Owner Occupied HU | 924 (67.9%) |
| Renter Occupied HU | 275 (20.2%) |
| Vacant Housing Units | 162 (11.9%) |
| Median Home Value | $175,602 |
| Average Home Value | $207,965 |
Housing Distribution
Address Breakdown
Residential
1,242
Single Family
1,242
Multi-Family
0
Businesses
50
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Listed by: Matthew Schackart • CENTURY 21 Empire Realty SE
Mls Name: GPABR
Mls ID: #152551
Disclaimer: Copyright Greater Portsmouth Area Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.