29 Summit StLebanonOH45036
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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 Lebanon at 29 Summit St, Lebanon, OH, 45036 priced at $255,000 converts $1,835/mo rent into $158/mo cash flow after a $1,248/mo obligation. Total monthly income equals $1,835/mo, and annual cash flow totals $1,893/yr on $84,533 invested. Return on cash invested prints 22.15% in year one, and rental yield reads 8.64% against a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation compiles into $70,452 by year five. Five-year ROI reaches 115.36% and total cumulative return in cash sums $97,520. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,835/mo property income covering a $1,248/mo payment, not borrower’s personal income.
Single Family
Built in 1952
7,954 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45036, Lebanon, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,137 (100%) |
| Owner Occupied HU | 11,405 (70.7%) |
| Renter Occupied HU | 4,230 (26.2%) |
| Vacant Housing Units | 502 ( 3.1%) |
| Median Home Value | $380,580 |
| Average Home Value | $426,576 |
Housing Distribution
Address Breakdown
Residential
15,577
Single Family
14,233
Multi-Family
1,344
Businesses
1,022
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