304 Pine StMount VernonOH43050
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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 Mount Vernon at 304 Pine St, Mount Vernon, OH, 43050 uses $73,593 cash to close to unlock $568/yr annual cash flow and $47/mo monthly cash flow. Total monthly income runs $1,508/mo, and a $1,087/mo payment keeps the spread at $47/mo. Purchase price stands at $222,000, and rental yield measures 8.15% with $1,508/mo rent. Return on cash invested shows 20.68% in year one, and 5% annual appreciation builds toward $61,335 over five years. Five-year ROI reaches 107.53% and total cumulative return in cash records $79,131. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,508/mo property income covering a $1,087/mo payment rather than investor’s personal income.
Single Family
Built in 1929
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43050, Mount Vernon, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,103 (100%) |
| Owner Occupied HU | 7,989 (61.0%) |
| Renter Occupied HU | 4,090 (31.2%) |
| Vacant Housing Units | 1,024 ( 7.8%) |
| Median Home Value | $218,132 |
| Average Home Value | $263,580 |
Housing Distribution
Address Breakdown
Residential
12,305
Single Family
11,517
Multi-Family
788
Businesses
1,007
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Listed by: Rebekah Mullins • Red 1 Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225042582
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.