304 Solida RdSouth PtOH45680
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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 South Pt at 304 Solida Rd, South Pt, OH, 45680 priced at $224,500 converts $1,854/mo rent into $377/mo cash flow after a $1,099/mo obligation. Total monthly income equals $1,854/mo, and annual cash flow totals $4,525/yr on $74,422 invested. Return on cash invested prints 25.99% in year one, and rental yield reads 9.91% against a $224,500 entry. Equity gained on principal adds $1,449/yr, while 5% annual appreciation compiles into $62,025 by year five. Five-year ROI reaches 136.04% and total cumulative return in cash sums $101,240. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,854/mo property income covering a $1,099/mo payment, not borrower’s personal income.
Single Family
Built in 1920
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45680, South Point, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,469 (100%) |
| Owner Occupied HU | 3,298 (60.3%) |
| Renter Occupied HU | 1,625 (29.7%) |
| Vacant Housing Units | 546 ( 10.0%) |
| Median Home Value | $161,027 |
| Average Home Value | $182,771 |
Housing Distribution
Address Breakdown
Residential
5,406
Single Family
5,364
Multi-Family
42
Businesses
319
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Listed by: Terra Harrison • Re/Max Clarity
Mls Name: HUNTMLS
Mls Provider:
Mls ID: #180923
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.