237 N Michigan AveEdgertonOH43517
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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 Edgerton at 237 N Michigan Ave, Edgerton, OH, 43517 at $189,900 posts ROI 23.75% with $201/mo cash flow from $1,450/mo rent. Total monthly income equals $1,450/mo, and annual cash flow records $2,416/yr on $62,952 to close. Return on cash invested measures 23.75% and rental yield reads 9.16% at the current $189,900. Equity gained on principal adds $1,225/yr, and 5% annual appreciation supports $52,466 by year five. Five-year ROI prints 123.99% and total cumulative return in cash totals $78,053.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,450/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1910
7,405 sqft lot
$N/A/sqft
No HOA
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Listed by: Tamara Meeks • RE/MAX Preferred Associates
Mls Name: NORIS
Mls ID: #6117788
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. 2024 NORIS. All rights reserved.