228 Harris StElmoreOH43416
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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 Elmore at 228 Harris St, Elmore, OH, 43416 generates $1,240/mo in rent and, after a $612/mo payment, leaves $418/mo in cash flow. Total monthly income is $1,240/mo, and annual cash flow is $5,011/yr on $41,438 invested. Return on cash invested sits at 32% in year one, and rental yield is 11.9% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 168.24% and total cumulative return in cash sums $69,713. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,240/mo property income rather than buyer’s personal income.
Single Family
Built in 1929
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43416, Elmore, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,227 (100%) |
| Owner Occupied HU | 945 (77.0%) |
| Renter Occupied HU | 198 (16.1%) |
| Vacant Housing Units | 84 ( 6.8%) |
| Median Home Value | $193,555 |
| Average Home Value | $230,333 |
Housing Distribution
Address Breakdown
Residential
1,052
Single Family
992
Multi-Family
60
Businesses
87
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Listed by: Kelli Weaver • Key Realty LTD
Mls Name: NORIS
Mls ID: #6131807
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. Information is deemed reliable but not guaranteed. 2025 NORIS. All rights reserved.