23894 Sandy Creek RdMinervaOH44657
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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 Minerva at 23894 Sandy Creek Rd, Minerva, OH, 44657 generates $840/mo in rent, after a $1,170/mo payment. Total monthly income is $840/mo. Return on cash invested sits at 8.82% in year one, and rental yield is 4.22% on a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 43.88% and total cumulative return in cash sums $34,764. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $840/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
1.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44657, Minerva, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,408 (100%) |
| Owner Occupied HU | 3,016 (68.4%) |
| Renter Occupied HU | 1,078 (24.5%) |
| Vacant Housing Units | 314 ( 7.1%) |
| Median Home Value | $199,071 |
| Average Home Value | $229,057 |
Housing Distribution
Address Breakdown
Residential
4,196
Single Family
4,107
Multi-Family
89
Businesses
254
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