23931 State Route 30MinervaOH44657
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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 Minerva at 23931 State Route 30, Minerva, OH, 44657 offers a 9.11% rental yield on a $164,900 purchase with $1,252/mo rent. Total monthly income registers $1,252/mo, and a $807/mo payment leaves $167/mo available for distribution. Annual cash flow reaches $2,009/yr on $54,664 to close, and return on cash invested stands at 23.58% in year one. Equity gained on principal adds $1,064/yr while 5% annual appreciation supports $45,559 over five years. Portfolio math shows five-year ROI at 123.11% and total cumulative return in cash at $67,300. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,252/mo property income against a $807/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2004
1.23 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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