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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Franklin at 21 Meadowcrest Dr, Franklin, OH, 45005 priced at $285,000 converts $2,377/mo rent into $479/mo cash flow after a $1,395/mo obligation. Total monthly income equals $2,377/mo, and annual cash flow totals $5,747/yr on $94,478 invested. Return on cash invested prints 25.99% in year one, and rental yield reads 10.01% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 136.06% and total cumulative return in cash sums $128,550. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,377/mo property income covering a $1,395/mo payment, not borrower’s personal income.
Single Family
Built in 2003
10,001 sqft lot
$N/A/sqft
$280 annually HOA
Neighborhood data shown for ZIP Code: 45005, Franklin, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,533 (100%) |
| Owner Occupied HU | 9,874 (67.9%) |
| Renter Occupied HU | 4,068 (28.0%) |
| Vacant Housing Units | 591 ( 4.1%) |
| Median Home Value | $237,640 |
| Average Home Value | $283,600 |
Residential
13,590
Single Family
12,431
Multi-Family
1,159
Businesses
803
Date | Event | Price |
|---|---|---|
| 2025-07-18 | Sold | $285,000 |
| 2025-06-20 | Pending sale | $269,900 |
| 2025-06-16 | Listed for sale | $269,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-28 | $3461.20 | 18.67% | $74,250 | 31.88% |
| 2023-10-28 | $2916.56 | 2.04% | $56,300 | -0.01% |
| 2022-10-28 | $2858.32 | 5.56% | $56,304 | N/A |
Listed by: Diane M Lyons • RE/MAX Victory + Affiliates
Mls Name: DABR MLS
Mls Provider:
Mls ID: #936686
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. Copyright Dayton Area Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.
