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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Cairo at 242 E Main St, Cairo, OH, 45820 priced at $120,000 converts $911/mo rent into $122/mo cash flow after a $587/mo obligation. Total monthly income equals $911/mo, and annual cash flow totals $1,464/yr on $39,780 invested. Return on cash invested prints 23.59% in year one, and rental yield reads 9.11% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 123.06% and total cumulative return in cash sums $48,955. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $911/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1920
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45820, Cairo, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 181 (100%) |
| Owner Occupied HU | 143 (79.0%) |
| Renter Occupied HU | 31 (17.1%) |
| Vacant Housing Units | 7 ( 3.9%) |
| Median Home Value | $181,250 |
| Average Home Value | $198,357 |
Residential
1
Single Family
1
Multi-Family
0
Businesses
18
Date | Event | Price |
|---|---|---|
| 1997-05-13 | Sold | $57,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-04 | $621.63 | -3.13% | $21,950 | N/A |
| 2022-03-04 | $641.71 | -4.29% | $21,950 | N/A |
| 2021-03-04 | $670.50 | 16.40% | $21,950 | 16.51% |
Listed by: Joshua Mangini • Superior Plus Realtors
Mls Name: WCAR OH
Mls Provider:
Mls ID: #306401
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.
