255 E Park AveColumbianaOH44408
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Columbiana at 255 E Park Ave, Columbiana, OH, 44408 priced at $170,000 pairs $1,364/mo rent with $246/mo cash flow after a $832/mo payment. Total monthly income equals $1,364/mo, and annual cash flow comes to $2,950/yr on $56,355 invested. Return on cash invested is 25.14% in year one, and rental yield stands at 9.63% on a $170,000 basis. Equity gained on principal adds $1,097/yr, and 5% annual appreciation accumulates to $46,968 by year five. Five-year ROI measures 131.42% and total cumulative return in cash reaches $74,061. For financing, Ziffy Mortgage’s DSCR program evaluates $1,364/mo property income against a $832/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1890
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44408, Columbiana, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,123 (100%) |
| Owner Occupied HU | 3,613 (70.5%) |
| Renter Occupied HU | 1,188 (23.2%) |
| Vacant Housing Units | 322 ( 6.3%) |
| Median Home Value | $227,749 |
| Average Home Value | $249,961 |
Housing Distribution
Address Breakdown
Residential
4,820
Single Family
4,442
Multi-Family
378
Businesses
492
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Listed by: Jean Cusick • Clark Carney Realty Group
Mls Name: MLS Now
Mls ID: #5142812