305 Iberia StMount GileadOH43338
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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 Mount Gilead at 305 Iberia St, Mount Gilead, OH, 43338 offers $1,996/mo rent that, after a $655/mo payment, leaves $1,116/mo cash flow. Total monthly income is $1,996/mo, and annual cash flow is $13,387/yr on $44,388 cash. Return on cash invested measures 50.07% in year one, and rental yield stands at 17.89% at a $133,900 entry. Equity gained on principal adds $864/yr while 5% annual appreciation compounds into $36,994 by year five. Five-year ROI records 265.11% and total cumulative return in cash reaches $117,675. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,996/mo property income versus a $655/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43338, Mount Gilead, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,597 (100%) |
| Owner Occupied HU | 3,210 (69.8%) |
| Renter Occupied HU | 885 (19.3%) |
| Vacant Housing Units | 502 (10.9%) |
| Median Home Value | $222,399 |
| Average Home Value | $249,426 |
Housing Distribution
Address Breakdown
Residential
4,314
Single Family
4,262
Multi-Family
52
Businesses
309
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Listed by: Jeffrey Schultheis • I Heart Real Estate
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225015883
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.