3070 Stewart StSouth SalemOH45681
Nearby investment properties with comparable rents
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 Salem at 3070 Stewart St, South Salem, OH, 45681 listed at $375,000 pairs $2,522/mo rent with a $1,835/mo payment to leave $56/mo cash flow. Total monthly income runs $2,522/mo, and annual cash flow reaches $669/yr on $124,313 cash to close. Return on cash invested measures 20.45% in year one, and rental yield registers 8.07% at a $375,000 basis. Equity gained on principal adds $2,420/yr, and annual property appreciation at 5% supports $103,606 by year five. Five-year ROI tracks 106.23% and total cumulative return in cash totals $132,063. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,522/mo property income relative to a $1,835/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1971
2.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45681, South Salem, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 636 (100%) |
| Owner Occupied HU | 498 (78.3%) |
| Renter Occupied HU | 92 (14.5%) |
| Vacant Housing Units | 46 ( 7.2%) |
| Median Home Value | $210,465 |
| Average Home Value | $219,724 |
Housing Distribution
Address Breakdown
Residential
602
Single Family
602
Multi-Family
0
Businesses
7
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Patty Meyers • Legacy One Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225000804
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.