218 Prospect StAshlandOH44805
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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 Ashland at 218 Prospect St, Ashland, OH, 44805 priced at $136,000 converts $1,320/mo rent into $425/mo cash flow after a $666/mo obligation. Total monthly income equals $1,320/mo, and annual cash flow totals $5,101/yr on $45,084 invested. Return on cash invested prints 31.22% in year one, and rental yield reads 11.65% against a $136,000 entry. Equity gained on principal adds $878/yr, while 5% annual appreciation compiles into $37,574 by year five. Five-year ROI reaches 164.15% and total cumulative return in cash sums $74,006. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,320/mo property income covering a $666/mo payment, not borrower’s personal income.
Single Family
Built in 1906
2,387 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44805, Ashland, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,098 (100%) |
| Owner Occupied HU | 9,068 (64.3%) |
| Renter Occupied HU | 3,892 (27.6%) |
| Vacant Housing Units | 1,138 ( 8.1%) |
| Median Home Value | $181,882 |
| Average Home Value | $234,167 |
Housing Distribution
Address Breakdown
Residential
13,621
Single Family
12,848
Multi-Family
773
Businesses
1,008
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Listed by: Mary J Hartley • Howard Hanna Real Estate Services
Mls Name: MLS Now
Mls Provider:
Mls ID: #5157060
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