206 N McConnell StAlgerOH45812
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
Rental property for sale in Alger at 206 N McConnell St, Alger, OH, 45812 priced at $115,000 converts $887/mo rent into $130/mo cash flow after a $563/mo obligation. Total monthly income equals $887/mo, and annual cash flow totals $1,565/yr on $38,123 invested. Return on cash invested prints 24.01% in year one, and rental yield reads 9.26% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 125.43% and total cumulative return in cash sums $47,817. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $887/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in 1959
9,583 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shane Lambert • Howard Hanna Real Estate Services
Mls Name: WRIST
Mls Provider:
Mls ID: #1037058
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.