216 N Miami StWest MiltonOH45383
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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 Milton at 216 N Miami St, West Milton, OH, 45383 priced at $160,000 converts $1,224/mo rent into $172/mo cash flow after a $783/mo obligation. Total monthly income equals $1,224/mo, and annual cash flow totals $2,060/yr on $53,040 invested. Return on cash invested prints 23.79% in year one, and rental yield reads 9.18% against a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,205 by year five. Five-year ROI reaches 124.21% and total cumulative return in cash sums $65,882. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,224/mo property income covering a $783/mo payment, not borrower’s personal income.
Single Family
Built in 1920
6,708 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45383, West Milton, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,193 (100%) |
| Owner Occupied HU | 2,243 (70.2%) |
| Renter Occupied HU | 799 (25.0%) |
| Vacant Housing Units | 151 ( 4.7%) |
| Median Home Value | $197,880 |
| Average Home Value | $264,735 |
Housing Distribution
Address Breakdown
Residential
3,099
Single Family
3,022
Multi-Family
77
Businesses
160
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Listed by: Denise Swick • THE Swick Real Estate Group
Mls Name: DABR MLS
Mls ID: #944671