207 S Ellsworth AveSalemOH44460
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 Salem at 207 S Ellsworth Ave, Salem, OH, 44460 priced at $118,770 pairs $960/mo rent with $179/mo cash flow after a $581/mo payment. Total monthly income equals $960/mo, and annual cash flow comes to $2,149/yr on $39,372 invested. Return on cash invested is 25.37% in year one, and rental yield stands at 9.7% on a $118,770 basis. Equity gained on principal adds $766/yr, and 5% annual appreciation accumulates to $32,814 by year five. Five-year ROI measures 132.75% and total cumulative return in cash reaches $52,265. For financing, Ziffy Mortgage’s DSCR program evaluates $960/mo property income against a $581/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1877
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44460, Salem, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,679 (100%) |
| Owner Occupied HU | 7,942 (68.0%) |
| Renter Occupied HU | 2,763 (23.7%) |
| Vacant Housing Units | 974 ( 8.3%) |
| Median Home Value | $189,306 |
| Average Home Value | $248,463 |
Housing Distribution
Address Breakdown
Residential
11,077
Single Family
10,660
Multi-Family
417
Businesses
840
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Nearby investment properties with comparable prices
Listed by: Amy J Andrews • Keller Williams Chervenic Rlty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5110414
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