241 Chase Ave #B2URussells PtOH43348
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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 Russells Pt at 241 Chase Ave #B2U, Russells Pt, OH, 43348 uses $77,869 cash to close to unlock $4,627/yr annual cash flow and $386/mo monthly cash flow. Total monthly income runs $1,931/mo, and a $1,150/mo payment keeps the spread at $386/mo. Purchase price stands at $234,900, and rental yield measures 9.86% with $1,931/mo rent. Return on cash invested shows 25.85% in year one, and 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 135.25% and total cumulative return in cash records $105,321. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,931/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Condo
Built in 1999
7.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43348, Russells Point, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,487 (100%) |
| Owner Occupied HU | 544 (36.6%) |
| Renter Occupied HU | 261 (17.6%) |
| Vacant Housing Units | 682 (45.9%) |
| Median Home Value | $218,750 |
| Average Home Value | $284,223 |
Housing Distribution
Address Breakdown
Residential
1,039
Single Family
1,036
Multi-Family
3
Businesses
122
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Listed by: Jill MacDonald • Choice Properties Real Estate
Mls Name: WRIST
Mls ID: #1042449