306 School StMartinsvilleOH45146
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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 Martinsville at 306 School St, Martinsville, OH, 45146 generates $786/mo in rent and, after a $489/mo payment, leaves $129/mo in cash flow. Total monthly income is $786/mo, and annual cash flow is $1,544/yr on $33,150 invested. Return on cash invested sits at 24.57% in year one, and rental yield is 9.43% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 128.37% and total cumulative return in cash sums $42,556. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $786/mo property income rather than buyer’s personal income.
Single Family
Built in 1944
8,581 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45146, Martinsville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 544 (100%) |
| Owner Occupied HU | 441 (81.1%) |
| Renter Occupied HU | 82 (15.1%) |
| Vacant Housing Units | 21 ( 3.9%) |
| Median Home Value | $269,079 |
| Average Home Value | $295,635 |
Housing Distribution
Address Breakdown
Residential
519
Single Family
519
Multi-Family
0
Businesses
10
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Listed by: Candace Johnson • Real of Ohio
Mls Name: DABR MLS
Mls ID: #947679