216 W Highland AveAdaOH45810
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 216 W Highland Ave, Ada, OH, 45810 in Ada: $1,396/mo in rent, $656/mo net, 14.89% gross yield, all on a $112,500 acquisition. The 2.76 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $31,082 in value, and $1,036/yr in principal paydown steadily builds equity. Projected total cumulative return: $85,074.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 14.9% | 6.2% |
| Monthly Cash Flow | $656 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,396 |
| Total Monthly Debt Service | $695 |
| DSCR Ratio | 2.01x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45810, Ada, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,039 (100%) |
| Owner Occupied HU | 1,684 (55.4%) |
| Renter Occupied HU | 947 (31.2%) |
| Vacant Housing Units | 408 (13.4%) |
| Median Home Value | $176,923 |
| Average Home Value | $194,590 |
Housing Distribution
Address Breakdown
Residential
2,636
Single Family
2,541
Multi-Family
95
Businesses
148
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
Single Family
Built in N/A
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45810, Ada, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,039 (100%) |
| Owner Occupied HU | 1,684 (55.4%) |
| Renter Occupied HU | 947 (31.2%) |
| Vacant Housing Units | 408 (13.4%) |
| Median Home Value | $176,923 |
| Average Home Value | $194,590 |
Housing Distribution
Address Breakdown
Residential
2,636
Single Family
2,541
Multi-Family
95
Businesses
148
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Debbie Hollon • Century 21 Excellence Realty
Mls Name: WCAR OH
Mls Provider:
Mls ID: #307781
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. Information is deemed reliable but not guaranteed.