231 State Route 58SullivanOH44880
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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 Sullivan at 231 State Route 58, Sullivan, OH, 44880 uses $66,300 cash to close to unlock $3,016/yr annual cash flow and $251/mo monthly cash flow. Total monthly income runs $1,567/mo, and a $979/mo payment keeps the spread at $251/mo. Purchase price stands at $199,999, and rental yield measures 9.4% with $1,567/mo rent. Return on cash invested shows 24.46% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 127.79% and total cumulative return in cash records $84,728. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,567/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.25 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 44880, Sullivan, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,111 (100%) |
| Owner Occupied HU | 931 (83.8%) |
| Renter Occupied HU | 102 ( 9.2%) |
| Vacant Housing Units | 78 ( 7.0%) |
| Median Home Value | $246,935 |
| Average Home Value | $269,592 |
Housing Distribution
Address Breakdown
Residential
1,116
Single Family
1,116
Multi-Family
0
Businesses
18
Price History
Date | Event | Price |
|---|---|---|
| 2025-04-07 | Listed for sale | $199,999 |
| 2022-07-08 | Sold | $158,000 |
| 2022-05-11 | Contingent | $169,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-08 | $1756.36 | 64.20% | $49,310 | 34.98% |
| 2022-04-08 | $1069.64 | 0.53% | $36,530 | N/A |
| 2021-04-08 | $1064.00 | N/A | $36,530 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1900
- Architectural Style: Conventional
- Building Area: 1,764
- Living Area: 1,764 sqft
- Property Condition: Updated/Remodeled
Features & Amenities
- Heating: Forced Air
- Cooling: Central Air
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Asphalt, Driveway, Detached, Garage
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Septic Tank
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Aaron M Dolata • Russell Real Estate Services
Mls Name: MLS Now
Mls Provider:
Mls ID: #5105570
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