257 N 1st StHamlerOH43524
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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
Rental property for sale in Hamler at 257 N 1st St, Hamler, OH, 43524 generates $1,636/mo in rent and, after a $592/mo payment, leaves $840/mo in cash flow. Total monthly income is $1,636/mo, and annual cash flow is $10,084/yr on $40,112 invested. Return on cash invested sits at 45.05% in year one, and rental yield is 16.22% on a $121,000 entry. Equity gained on principal adds $781/yr, while 5% annual appreciation builds toward $33,430 over five years. Five-year ROI reaches 238.25% and total cumulative return in cash sums $95,565. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,636/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
0.52 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 43524, Hamler, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 533 (100%) |
| Owner Occupied HU | 442 (82.9%) |
| Renter Occupied HU | 48 ( 9.0%) |
| Vacant Housing Units | 43 ( 8.1%) |
| Median Home Value | $191,667 |
| Average Home Value | $234,870 |
Housing Distribution
Address Breakdown
Residential
362
Single Family
362
Multi-Family
0
Businesses
45
Price History
Date | Event | Price |
|---|---|---|
| 2024-09-13 | Listed for sale | $121,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-14 | $792.30 | 5.71% | $28,210 | 15.14% |
| 2022-09-14 | $749.50 | -4.70% | $24,500 | N/A |
| 2021-09-14 | $786.48 | 28.75% | $24,500 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1970
- Architectural Style: Traditional,One Story
- Building Area: N/A
- Living Area: 1,170 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Hot Water, Natural Gas
- Cooling: Window Unit(s), Attic Fan
- Flooring: N/A
- Interior Features: Gas Range Connection, Cable TV
- Exterior Features: N/A
- Parking Features: Attached, Driveway, Garage, Gravel, Off Street, Garage Door Opener
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Sanitary
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Patrick Henry
- Middle School: N/A
- High School: Patrick Henry
Listed by: Karla Petersen • Howard Hanna
Mls Name: NORIS
Mls ID: #6119804
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. 2024 NORIS. All rights reserved.