3053 E Market StWarrenOH44483
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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 Warren at 3053 E Market St, Warren, OH, 44483 uses $103,992 cash to close to unlock $8,927/yr annual cash flow and $744/mo monthly cash flow. Total monthly income runs $2,807/mo, and a $1,535/mo payment keeps the spread at $744/mo. Purchase price stands at $313,700, and rental yield measures 10.74% with $2,807/mo rent. Return on cash invested shows 28.49% in year one, and 5% annual appreciation builds toward $86,670 over five years. Five-year ROI reaches 149.37% and total cumulative return in cash records $155,333. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,807/mo property income covering a $1,535/mo payment rather than investor’s personal income.
Single Family
Built in 1939
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44483, Warren, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,784 (100%) |
| Owner Occupied HU | 6,855 (58.2%) |
| Renter Occupied HU | 3,566 (30.3%) |
| Vacant Housing Units | 1,363 (11.6%) |
| Median Home Value | $118,028 |
| Average Home Value | $158,441 |
Housing Distribution
Address Breakdown
Residential
10,978
Single Family
9,818
Multi-Family
1,160
Businesses
758
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