267 Cove Run RdBainbridgeOH45612
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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 Bainbridge at 267 Cove Run Rd, Bainbridge, OH, 45612 priced at $315,000 converts $1,750/mo rent into after a $1,542/mo obligation. Total monthly income equals $1,750/mo. Return on cash invested prints 16.21% in year one, and rental yield reads 6.67% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 83.49% and total cumulative return in cash sums $87,185. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,750/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Single Family
Built in 1917
15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45612, Bainbridge, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,211 (100%) |
| Owner Occupied HU | 1,492 (67.5%) |
| Renter Occupied HU | 459 (20.8%) |
| Vacant Housing Units | 260 (11.8%) |
| Median Home Value | $203,518 |
| Average Home Value | $223,856 |
Housing Distribution
Address Breakdown
Residential
1,858
Single Family
1,819
Multi-Family
39
Businesses
83
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Listed by: Tammy Miller • ERA Martin & Associates (C)
Mls Name: Scioto Valley AOR
Mls Provider:
Mls ID: #197250
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.