221 Eddy StLuckeyOH43443
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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 Luckey at 221 Eddy St, Luckey, OH, 43443 priced at $250,000 converts $1,704/mo rent into $59/mo cash flow after a $1,224/mo obligation. Total monthly income equals $1,704/mo, and annual cash flow totals $710/yr on $82,875 invested. Return on cash invested prints 20.77% in year one, and rental yield reads 8.18% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 107.99% and total cumulative return in cash sums $89,494. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,704/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43443, Luckey, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 770 (100%) |
| Owner Occupied HU | 562 (73.0%) |
| Renter Occupied HU | 165 (21.4%) |
| Vacant Housing Units | 43 ( 5.6%) |
| Median Home Value | $219,620 |
| Average Home Value | $250,681 |
Housing Distribution
Address Breakdown
Residential
395
Single Family
395
Multi-Family
0
Businesses
49
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