298 Midland PlLoganOH43138
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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 Logan at 298 Midland Pl, Logan, OH, 43138 generates $2,291/mo in rent and, after a $1,003/mo payment, leaves $943/mo in cash flow. Total monthly income is $2,291/mo, and annual cash flow is $11,315/yr on $67,958 invested. Return on cash invested sits at 36.56% in year one, and rental yield is 13.41% on a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 192.62% and total cumulative return in cash sums $130,902. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,291/mo property income rather than buyer’s personal income.
Single Family
Built in 1928
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43138, Logan, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,491 (100%) |
| Owner Occupied HU | 5,437 (64.0%) |
| Renter Occupied HU | 2,184 (25.7%) |
| Vacant Housing Units | 870 (10.2%) |
| Median Home Value | $185,889 |
| Average Home Value | $240,247 |
Housing Distribution
Address Breakdown
Residential
8,053
Single Family
7,858
Multi-Family
195
Businesses
664
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Listed by: Peggy Maxson • Keller Williams Greater Columbus Realty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5125038
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