2123 Old Mill RdMadisonOH44057
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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 Madison at 2123 Old Mill Rd, Madison, OH, 44057 generates $3,530/mo in rent and, after a $2,085/mo payment, leaves $728/mo in cash flow. Total monthly income is $3,530/mo, and annual cash flow is $8,737/yr on $141,186 invested. Return on cash invested sits at 26.1% in year one, and rental yield is 9.95% on a $425,900 entry. Equity gained on principal adds $2,748/yr, while 5% annual appreciation builds toward $117,668 over five years. Five-year ROI reaches 136.57% and total cumulative return in cash sums $192,815. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,530/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
1.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44057, Madison, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,645 (100%) |
| Owner Occupied HU | 6,245 (72.2%) |
| Renter Occupied HU | 1,658 (19.2%) |
| Vacant Housing Units | 742 ( 8.6%) |
| Median Home Value | $221,282 |
| Average Home Value | $284,397 |
Housing Distribution
Address Breakdown
Residential
7,974
Single Family
7,824
Multi-Family
150
Businesses
484
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