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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 Milan at 25 S Edison Dr, Milan, OH, 44846 priced at $480,000 converts $2,602/mo rent into after a $2,349/mo obligation. Total monthly income equals $2,602/mo. Return on cash invested prints 15.72% in year one, and rental yield reads 6.5% against a $480,000 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation compiles into $132,615 by year five. Five-year ROI reaches 80.89% and total cumulative return in cash sums $128,717. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,602/mo property income covering a $2,349/mo payment, not borrower’s personal income.
Single Family
Built in 1973
8,668 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 44846, Milan, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,358 (100%) |
| Owner Occupied HU | 998 (73.5%) |
| Renter Occupied HU | 273 (20.1%) |
| Vacant Housing Units | 87 ( 6.4%) |
| Median Home Value | $262,745 |
| Average Home Value | $285,844 |
Residential
1,106
Single Family
1,106
Multi-Family
0
Businesses
168
Date | Event | Price |
|---|---|---|
| 2024-11-03 | Listed for sale | $480,000 |
| 2018-03-20 | Sold | $197,250 |
| 2015-01-05 | Sold | $189,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-15 | $3340.02 | -0.28% | $71,570 | -0.01% |
| 2022-02-15 | $3349.50 | 0.41% | $71,580 | N/A |
| 2021-02-15 | $3335.88 | 9.80% | $71,580 | 13.01% |
Listed by: Paula Perdue • Simply Better Realty, LLC
Mls Name: Firelands MLS
Mls ID: #20244197
Disclaimer: Listing information is deemed reliable, but not guaranteed.
