2085 Tarragon DrWest SalemOH44287
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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 West Salem at 2085 Tarragon Dr, West Salem, OH, 44287 generates $2,242/mo in rent and, after a $1,444/mo payment, leaves $301/mo in cash flow. Total monthly income is $2,242/mo, and annual cash flow is $3,617/yr on $97,793 invested. Return on cash invested sits at 23.61% in year one, and rental yield is 9.12% on a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 123.21% and total cumulative return in cash sums $120,494. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,242/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44287, West Salem, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,201 (100%) |
| Owner Occupied HU | 2,547 (79.6%) |
| Renter Occupied HU | 404 (12.6%) |
| Vacant Housing Units | 250 ( 7.8%) |
| Median Home Value | $216,776 |
| Average Home Value | $286,347 |
Housing Distribution
Address Breakdown
Residential
2,879
Single Family
2,289
Multi-Family
590
Businesses
109
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Listed by: Joshua D Leonard • Russell Real Estate Services
Mls Name: MLS Now
Mls ID: #5170015