246 Orchard Island Rd #44Russells PointOH43348
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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 Point at 246 Orchard Island Rd #44, Russells Point, OH, 43348 uses $41,438 cash to close to unlock $1,399/yr annual cash flow and $117/mo monthly cash flow. Total monthly income runs $1,500/mo, and a $612/mo payment keeps the spread at $117/mo. Purchase price stands at $125,000, and rental yield measures 14.4% with $1,500/mo rent. Return on cash invested shows 23.29% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 127.37% and total cumulative return in cash records $52,781. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,500/mo property income covering a $612/mo payment rather than investor’s personal income.
Manufactured
Built in 1972
N/A lot
$N/A/sqft
$561 monthly 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 Provider:
Mls ID: #1033444
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.