223 N Bayshore DrColumbianaOH44408
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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
Investment property for sale in Columbiana at 223 N Bayshore Dr, Columbiana, OH, 44408 uses $64,775 cash to close to unlock $229/yr annual cash flow and $19/mo monthly cash flow. Total monthly income runs $1,490/mo, and a $956/mo payment keeps the spread at $19/mo. Purchase price stands at $195,400, and rental yield measures 9.15% with $1,490/mo rent. Return on cash invested shows 20.26% in year one, and 5% annual appreciation builds toward $53,985 over five years. Five-year ROI reaches 106.57% and total cumulative return in cash records $69,028. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,490/mo property income covering a $956/mo payment rather than investor’s personal income.
Condo
Built in 1997
1,167 sqft lot
$N/A/sqft
$186 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44408, Columbiana, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,123 (100%) |
| Owner Occupied HU | 3,613 (70.5%) |
| Renter Occupied HU | 1,188 (23.2%) |
| Vacant Housing Units | 322 ( 6.3%) |
| Median Home Value | $227,749 |
| Average Home Value | $249,961 |
Housing Distribution
Address Breakdown
Residential
4,820
Single Family
4,442
Multi-Family
378
Businesses
492
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Listed by: Tina Johnson • Howard Hanna
Mls Name: MLS Now
Mls ID: #5145159