28 Myrtle Dr, Shelby, OH, 44875 | $388/mo Cash Flow

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28 Myrtle Dr, Shelby, OH, 44875 | $388/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Shelby at 28 Myrtle Dr, Shelby, OH, 44875 earns $388/mo cash flow from $1,165/mo rent with a $578/mo payment. Total monthly income totals $1,165/mo, and annual cash flow totals $4,660/yr on $39,117 capital. ROI tracks 31.82% on current figures, and rental yield reads 11.85% at a $118,000 purchase. Equity gained on principal adds $761/yr, and 5% annual appreciation supports $32,601 over five years. Five-year ROI reaches 167.35% and total cumulative return in cash sums $65,463. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,165/mo property income instead of your personal income.

Single Family

Built in 1952

8,276 sqft lot

$N/A/sqft

No HOA

More details about the property

This charming two-bedroom ranch, located in a quiet neighborhood, features a spacious living room and an eat-in kitchen with lovely cherry cabinets. The kitchen cabinets include pull-out shelving for easier access to stored items. While the living room is carpeted, there is hardwood flooring throughout the home. Be sure to check out the original hardwood in the one bedroom. The updated bathroom adds modern appeal to the home. You can enjoy your morning coffee or afternoon iced tea while relaxing on the open front deck. There is also an enclosed room at the back just waiting to be finished into a lovely sunroom. One-car detached garage. If you would like a city garden, there is room in the back yard to have one. This home has great curb appeal and at this price it won't last long.