2861 Latcha RdMillburyOH43447
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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 Millbury at 2861 Latcha Rd, Millbury, OH, 43447 uses $65,637 cash to close to unlock $4,112/yr annual cash flow and $343/mo monthly cash flow. Total monthly income runs $1,645/mo, and a $969/mo payment keeps the spread at $343/mo. Purchase price stands at $198,000, and rental yield measures 9.97% with $1,645/mo rent. Return on cash invested shows 26.17% in year one, and 5% annual appreciation builds toward $54,704 over five years. Five-year ROI reaches 136.98% and total cumulative return in cash records $89,908. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,645/mo property income covering a $969/mo payment rather than investor’s personal income.
Single Family
Built in 1972
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43447, Millbury, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,577 (100%) |
| Owner Occupied HU | 1,307 (82.9%) |
| Renter Occupied HU | 203 (12.9%) |
| Vacant Housing Units | 67 ( 4.2%) |
| Median Home Value | $224,786 |
| Average Home Value | $248,917 |
Housing Distribution
Address Breakdown
Residential
1,383
Single Family
1,383
Multi-Family
0
Businesses
87
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