236 2nd StRussells PointOH43348
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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 Russells Point at 236 2nd St, Russells Point, OH, 43348 uses $49,692 cash to close to unlock $5,720/yr annual cash flow and $477/mo monthly cash flow. Total monthly income runs $1,463/mo, and a $734/mo payment keeps the spread at $477/mo. Purchase price stands at $149,900, and rental yield measures 11.71% with $1,463/mo rent. Return on cash invested shows 31.42% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 165.1% and total cumulative return in cash records $82,043. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,463/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1945
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43348, Russells Point, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,487 (100%) |
| Owner Occupied HU | 544 (36.6%) |
| Renter Occupied HU | 261 (17.6%) |
| Vacant Housing Units | 682 (45.9%) |
| Median Home Value | $218,750 |
| Average Home Value | $284,223 |
Housing Distribution
Address Breakdown
Residential
1,039
Single Family
1,036
Multi-Family
3
Businesses
122
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Listed by: Diane (Teri) P. Frymyer • Choice Properties Real Estate
Mls Name: WRIST
Mls ID: #1041030