280 2nd St NECarrolltonOH44615
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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 Carrollton at 280 2nd St NE, Carrollton, OH, 44615 generates $1,295/mo in rent and, after a $661/mo payment, leaves $407/mo in cash flow. Total monthly income is $1,295/mo, and annual cash flow is $4,881/yr on $44,753 invested. Return on cash invested sits at 30.82% in year one, and rental yield is 11.51% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 161.85% and total cumulative return in cash sums $72,433. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,295/mo property income rather than buyer’s personal income.
Single Family
Built in 1936
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44615, Carrollton, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,294 (100%) |
| Owner Occupied HU | 3,271 (61.8%) |
| Renter Occupied HU | 1,064 (20.1%) |
| Vacant Housing Units | 959 (18.1%) |
| Median Home Value | $194,886 |
| Average Home Value | $223,729 |
Housing Distribution
Address Breakdown
Residential
4,548
Single Family
4,505
Multi-Family
43
Businesses
425
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Listed by: Jay Stoneman • Cedar One Realty
Mls Name: MLS Now
Mls ID: #5178734