229 Palmer DrFairbornOH45324
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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 Fairborn at 229 Palmer Dr, Fairborn, OH, 45324 priced at $289,400 converts $2,320/mo rent into $417/mo cash flow after a $1,416/mo obligation. Total monthly income equals $2,320/mo, and annual cash flow totals $5,002/yr on $95,936 invested. Return on cash invested prints 25.12% in year one, and rental yield reads 9.62% against a $289,400 entry. Equity gained on principal adds $1,867/yr, while 5% annual appreciation compiles into $79,956 by year five. Five-year ROI reaches 131.3% and total cumulative return in cash sums $125,960. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,320/mo property income covering a $1,416/mo payment, not borrower’s personal income.
Single Family
Built in 1963
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45324, Fairborn, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,732 (100%) |
| Owner Occupied HU | 9,659 (49.0%) |
| Renter Occupied HU | 8,751 (44.3%) |
| Vacant Housing Units | 1,322 ( 6.7%) |
| Median Home Value | $226,164 |
| Average Home Value | $267,907 |
Housing Distribution
Address Breakdown
Residential
19,348
Single Family
16,500
Multi-Family
2,848
Businesses
911
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