24 Hayes StMinfordOH45653
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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 Minford at 24 Hayes St, Minford, OH, 45653 priced at $399,000 converts $1,330/mo rent into after a $1,953/mo obligation. Total monthly income equals $1,330/mo. Return on cash invested prints 8.16% in year one, and rental yield reads 4% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 40.39% and total cumulative return in cash sums $53,426. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,330/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Single Family
Built in 1897
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45653, Minford, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,591 (100%) |
| Owner Occupied HU | 1,129 (71.0%) |
| Renter Occupied HU | 327 (20.6%) |
| Vacant Housing Units | 135 ( 8.5%) |
| Median Home Value | $202,332 |
| Average Home Value | $211,351 |
Housing Distribution
Address Breakdown
Residential
1,484
Single Family
1,484
Multi-Family
0
Businesses
84
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