223 E Caroline StUnion CityOH45390
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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 Union City at 223 E Caroline St, Union City, OH, 45390 priced at $115,000 converts $1,167/mo rent into $410/mo cash flow after a $563/mo obligation. Total monthly income equals $1,167/mo, and annual cash flow totals $4,925/yr on $38,123 invested. Return on cash invested prints 32.83% in year one, and rental yield reads 12.18% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 172.71% and total cumulative return in cash sums $65,841. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,167/mo property income covering a $563/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
6,211 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45390, Union City, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,512 (100%) |
| Owner Occupied HU | 906 (59.9%) |
| Renter Occupied HU | 407 (26.9%) |
| Vacant Housing Units | 199 (13.2%) |
| Median Home Value | $120,283 |
| Average Home Value | $157,831 |
Housing Distribution
Address Breakdown
Residential
1,367
Single Family
1,337
Multi-Family
30
Businesses
41
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Listed by: Harold J DaPore • EB Real Estate
Mls Name: DABR MLS
Mls Provider:
Mls ID: #932452
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. Copyright Dayton Area Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.