304 Penn AveMingo JunctionOH43938
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Mingo Junction at 304 Penn Ave, Mingo Junction, OH, 43938 priced at $127,900 converts $1,958/mo rent into $1,117/mo cash flow after a $626/mo obligation. Total monthly income equals $1,958/mo, and annual cash flow totals $13,400/yr on $42,399 invested. Return on cash invested prints 51.51% in year one, and rental yield reads 18.37% against a $127,900 entry. Equity gained on principal adds $825/yr, while 5% annual appreciation compiles into $35,336 by year five. Five-year ROI reaches 272.87% and total cumulative return in cash sums $115,695. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,958/mo property income covering a $626/mo payment, not borrower’s personal income.
Single Family
Built in 1962
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43938, Mingo Junction, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,407 (100%) |
| Owner Occupied HU | 1,528 (63.5%) |
| Renter Occupied HU | 571 (23.7%) |
| Vacant Housing Units | 308 (12.8%) |
| Median Home Value | $99,673 |
| Average Home Value | $129,524 |
Housing Distribution
Address Breakdown
Residential
2,303
Single Family
2,228
Multi-Family
75
Businesses
99
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Nearby investment properties with comparable prices
Listed by: James Lash • Cedar One Realty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5122679
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