261 State Route 511NovaOH44859
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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 Nova at 261 State Route 511, Nova, OH, 44859 earns $81/mo cash flow from $1,061/mo rent with a $729/mo payment. Total monthly income totals $1,061/mo, and annual cash flow totals $974/yr on $49,394 capital. ROI tracks 21.88% on current figures, and rental yield reads 8.54% at a $149,000 purchase. Equity gained on principal adds $961/yr, and 5% annual appreciation supports $41,166 over five years. Five-year ROI reaches 114.02% and total cumulative return in cash sums $56,320. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,061/mo property income instead of your personal income.
Single Family
Built in 1901
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44859, Nova, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 787 (100%) |
| Owner Occupied HU | 658 (83.6%) |
| Renter Occupied HU | 77 ( 9.8%) |
| Vacant Housing Units | 52 ( 6.6%) |
| Median Home Value | $211,927 |
| Average Home Value | $336,429 |
Housing Distribution
Address Breakdown
Residential
683
Single Family
683
Multi-Family
0
Businesses
18
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