306 2nd St WSouth PointOH45680
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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
Investment property for sale in South Point at 306 2nd St W, South Point, OH, 45680 earns from $1,417/mo rent with a $1,223/mo payment. Total monthly income totals $1,417/mo. ROI tracks 16.63% on current figures, and rental yield reads 6.8% at a $249,900 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,043 over five years. Five-year ROI reaches 85.79% and total cumulative return in cash sums $71,066. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,417/mo property income instead of your personal income.
Single Family
Built in 1951
9,583 sqft 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: Todd Nelson • Old Colony Realtors Huntington
Mls Name: HUNTMLS
Mls ID: #182994