220 E Sugar StMount VernonOH43050
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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 Mount Vernon at 220 E Sugar St, Mount Vernon, OH, 43050 generates $2,072/mo in rent and, after a $1,096/mo payment, leaves $599/mo in cash flow. Total monthly income is $2,072/mo, and annual cash flow is $7,187/yr on $74,256 invested. Return on cash invested sits at 29.59% in year one, and rental yield is 11.1% on a $224,000 entry. Equity gained on principal adds $1,445/yr, while 5% annual appreciation builds toward $61,887 over five years. Five-year ROI reaches 155.26% and total cumulative return in cash sums $115,291. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,072/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
4,621 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43050, Mount Vernon, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,103 (100%) |
| Owner Occupied HU | 7,989 (61.0%) |
| Renter Occupied HU | 4,090 (31.2%) |
| Vacant Housing Units | 1,024 ( 7.8%) |
| Median Home Value | $218,132 |
| Average Home Value | $263,580 |
Housing Distribution
Address Breakdown
Residential
12,305
Single Family
11,517
Multi-Family
788
Businesses
1,007
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Listed by: Jennifer Moats • e-Merge Real Estate Champions
Mls Name: KCBR
Mls ID: #20250796