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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Milan at 299 S Main St, Milan, OH, 44846 uses $82,544 cash to close to unlock $2,446/yr annual cash flow and $204/mo monthly cash flow. Total monthly income runs $1,842/mo, and a $1,219/mo payment keeps the spread at $204/mo. Purchase price stands at $249,000, and rental yield measures 8.88% with $1,842/mo rent. Return on cash invested shows 22.87% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 119.23% and total cumulative return in cash records $98,420. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,842/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 44846, Milan, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,358 (100%) |
| Owner Occupied HU | 998 (73.5%) |
| Renter Occupied HU | 273 (20.1%) |
| Vacant Housing Units | 87 ( 6.4%) |
| Median Home Value | $262,745 |
| Average Home Value | $285,844 |
Residential
1,106
Single Family
1,106
Multi-Family
0
Businesses
168
Date | Event | Price |
|---|---|---|
| 2024-09-18 | Price change | $249,000 |
| 2024-08-22 | Listed for sale | $259,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $1584.76 | -1.49% | $43,130 | N/A |
| 2022-10-16 | $1608.78 | 0.41% | $43,130 | N/A |
| 2021-10-16 | $1602.22 | 4.13% | $43,130 | 5.63% |
Listed by: Adam B. Showalter • RE/MAX Quality Realty - Sandus
Mls Name: Firelands MLS
Mls ID: #20243092
Disclaimer: Listing information is deemed reliable, but not guaranteed.
