23924 State Route 161IrwinOH43029
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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 Irwin at 23924 State Route 161, Irwin, OH, 43029 generates $1,957/mo in rent and, after a $1,395/mo payment, leaves $82/mo in cash flow. Total monthly income is $1,957/mo, and annual cash flow is $987/yr on $94,478 invested. Return on cash invested sits at 20.95% in year one, and rental yield is 8.24% on a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 108.99% and total cumulative return in cash sums $102,966. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,957/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43029, Irwin, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 154 (100%) |
| Owner Occupied HU | 131 (85.1%) |
| Renter Occupied HU | 21 (13.6%) |
| Vacant Housing Units | 2 ( 1.3%) |
| Median Home Value | $320,732 |
| Average Home Value | $370,229 |
Housing Distribution
Address Breakdown
Residential
179
Single Family
179
Multi-Family
0
Businesses
7
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Listed by: Linda S Beachy • DarbyView Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224041269
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.