307 Lucas StBarbertonOH44203
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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 Barberton at 307 Lucas St, Barberton, OH, 44203 uses $49,692 cash to close to unlock $884/yr annual cash flow and $74/mo monthly cash flow. Total monthly income runs $1,060/mo, and a $734/mo payment keeps the spread at $74/mo. Purchase price stands at $149,900, and rental yield measures 8.49% with $1,060/mo rent. Return on cash invested shows 21.69% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 112.89% and total cumulative return in cash records $56,099. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,060/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1903
4,560 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44203, Barberton, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,141 (100%) |
| Owner Occupied HU | 11,808 (65.1%) |
| Renter Occupied HU | 5,184 (28.6%) |
| Vacant Housing Units | 1,149 ( 6.3%) |
| Median Home Value | $169,856 |
| Average Home Value | $223,242 |
Housing Distribution
Address Breakdown
Residential
17,553
Single Family
16,828
Multi-Family
725
Businesses
1,122
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Listed by: Staci Gardner • Keller Williams Elevate
Mls Name: MLS Now
Mls Provider:
Mls ID: #5131137
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