240 Florence AveFairbornOH45324
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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 Fairborn at 240 Florence Ave, Fairborn, OH, 45324 offers a 7.95% rental yield on a $180,900 purchase with $1,198/mo rent. Total monthly income registers $1,198/mo, and a $885/mo payment leaves $8/mo available for distribution. Annual cash flow reaches $102/yr on $59,968 to close, and return on cash invested stands at 20.08% in year one. Equity gained on principal adds $1,167/yr while 5% annual appreciation supports $49,979 over five years. Portfolio math shows five-year ROI at 104.29% and total cumulative return in cash at $62,543. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,198/mo property income against a $885/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45324, Fairborn, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,732 (100%) |
| Owner Occupied HU | 9,659 (49.0%) |
| Renter Occupied HU | 8,751 (44.3%) |
| Vacant Housing Units | 1,322 ( 6.7%) |
| Median Home Value | $226,164 |
| Average Home Value | $267,907 |
Housing Distribution
Address Breakdown
Residential
19,348
Single Family
16,500
Multi-Family
2,848
Businesses
911
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