216 W South StCareyOH43316
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
Investment Highlights
Investment property for sale in Carey at 216 W South St, Carey, OH, 43316 uses $54,698 cash to close to unlock $2,871/yr annual cash flow and $239/mo monthly cash flow. Total monthly income runs $1,325/mo, and a $808/mo payment keeps the spread at $239/mo. Purchase price stands at $165,000, and rental yield measures 9.64% with $1,325/mo rent. Return on cash invested shows 25.16% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 131.54% and total cumulative return in cash records $71,951. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,325/mo property income covering a $808/mo payment rather than investor’s personal income.
Single Family
Built in 1920
9,774 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43316, Carey, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,616 (100%) |
| Owner Occupied HU | 1,826 (69.8%) |
| Renter Occupied HU | 556 (21.3%) |
| Vacant Housing Units | 234 ( 8.9%) |
| Median Home Value | $188,131 |
| Average Home Value | $226,943 |
Housing Distribution
Address Breakdown
Residential
2,519
Single Family
2,448
Multi-Family
71
Businesses
151
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices