231 Olive DrWintersvilleOH43953
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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 Wintersville at 231 Olive Dr, Wintersville, OH, 43953 priced at $119,900 converts $921/mo rent into $132/mo cash flow after a $587/mo obligation. Total monthly income equals $921/mo, and annual cash flow totals $1,586/yr on $39,747 invested. Return on cash invested prints 23.9% in year one, and rental yield reads 9.22% against a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,126 by year five. Five-year ROI reaches 124.87% and total cumulative return in cash sums $49,632. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $921/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1957
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43953, Steubenville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,374 (100%) |
| Owner Occupied HU | 3,407 (63.4%) |
| Renter Occupied HU | 1,551 (28.9%) |
| Vacant Housing Units | 416 ( 7.7%) |
| Median Home Value | $147,494 |
| Average Home Value | $192,023 |
Housing Distribution
Address Breakdown
Residential
5,302
Single Family
4,894
Multi-Family
408
Businesses
392
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Listed by: Robert Shoemaker • Cedar One Realty
Mls Name: MLS Now
Mls ID: #5162955