27 Hemingway AveAshvilleOH43103
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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 Ashville at 27 Hemingway Ave, Ashville, OH, 43103 priced at $500,000 converts $3,886/mo rent into $597/mo cash flow after a $2,447/mo obligation. Total monthly income equals $3,886/mo, and annual cash flow totals $7,168/yr on $165,750 invested. Return on cash invested prints 24.23% in year one, and rental yield reads 9.33% against a $500,000 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,141 by year five. Five-year ROI reaches 126.55% and total cumulative return in cash sums $209,756. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,886/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in 2025
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43103, Ashville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,693 (100%) |
| Owner Occupied HU | 3,974 (69.8%) |
| Renter Occupied HU | 1,332 (23.4%) |
| Vacant Housing Units | 387 ( 6.8%) |
| Median Home Value | $254,511 |
| Average Home Value | $287,111 |
Housing Distribution
Address Breakdown
Residential
5,457
Single Family
4,792
Multi-Family
665
Businesses
203
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Listed by: Teresa Baines • New Home Star, LLC
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225036762
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.