219 W Sheridan AveSomersetOH43783
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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 Somerset at 219 W Sheridan Ave, Somerset, OH, 43783 priced at $269,000 converts $1,779/mo rent into after a $1,317/mo obligation. Total monthly income equals $1,779/mo. Return on cash invested prints 19.38% in year one, and rental yield reads 7.94% against a $269,000 entry. Equity gained on principal adds $1,736/yr, while 5% annual appreciation compiles into $74,320 by year five. Five-year ROI reaches 100.75% and total cumulative return in cash sums $89,843. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,779/mo property income covering a $1,317/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43783, Somerset, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,897 (100%) |
| Owner Occupied HU | 1,389 (73.2%) |
| Renter Occupied HU | 352 (18.6%) |
| Vacant Housing Units | 156 ( 8.2%) |
| Median Home Value | $227,105 |
| Average Home Value | $274,667 |
Housing Distribution
Address Breakdown
Residential
1,557
Single Family
1,510
Multi-Family
47
Businesses
86
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Listed by: Gracee Poorman • Hill Real Estate
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225015022
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.