224 Freer Ct, Ashland, OH, 44805 | 7.44% Rental Yield

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224 Freer Ct, Ashland, OH, 44805 | 7.44% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Ashland at 224 Freer Ct, Ashland, OH, 44805 generates $1,363/mo in rent, after a $1,076/mo payment. Total monthly income is $1,363/mo. Return on cash invested sits at 18.54% in year one, and rental yield is 7.44% on a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 96.01% and total cumulative return in cash sums $69,988. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,363/mo property income rather than buyer’s personal income.

Single Family

Built in 1955

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

An opportunity to own a custom-built mid-century modern bi-level, that was cherished by its original owners. This well-cared-for home offers 3 bedrooms and custom charm throughout. The kitchen is cozy & has plenty of cabinet space with a breakfast area, while a formal dining room adds gathering space. The spacious living room showcases a statement brick fireplace and large windows that fill the home with light. Enjoy plenty of storage space and a basement perfect for a workshop, family room, or storage. Step outside to a unique backyardyour own secret garden with mature trees, a brick walkway, and a covered brick patio. Located on a cul-de-sac, this rare find blends privacy, character, and location.

Neighborhood Data

Neighborhood data shown for ZIP Code: 44805, Ashland, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,098 (100%)
Owner Occupied HU	9,068 (64.3%)
Renter Occupied HU	3,892 (27.6%)
Vacant Housing Units	1,138 ( 8.1%)
Median Home Value	$181,882
Average Home Value	$234,167