308 Ferrell Ave, Ashland, OH, 44805 | $657/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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308 Ferrell Ave, Ashland, OH, 44805 | $657/mo Cash Flow | Ziffy

Recently Sold

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Ashland at 308 Ferrell Ave, Ashland, OH, 44805 priced at $110,000 pairs $1,380/mo rent with $657/mo cash flow after a $538/mo payment. Total monthly income equals $1,380/mo, and annual cash flow comes to $7,882/yr on $36,465 invested. Return on cash invested is 41.52% in year one, and rental yield stands at 15.05% on a $110,000 basis. Equity gained on principal adds $710/yr, and 5% annual appreciation accumulates to $30,391 by year five. Five-year ROI measures 219.27% and total cumulative return in cash reaches $79,956. For financing, Ziffy Mortgage’s DSCR program evaluates $1,380/mo property income against a $538/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1920

N/A lot

$N/A/sqft

No HOA

More details about the property

Approaching the property you'll be greeted by the spacious covered porch, where you will be able to sit and relax in the quiet relaxed neighborhood and highly demanded area. Inside you will be greeted by the first room, great for an office space or playroom. Continuing into the living room which still has the original functioning gas fireplace. Off into the dining room and the kitchen, inside the kitchen you'll find the closed off, first floor laundry. You then can enter the basement into the full basement finding two closed off rooms with windows that could be easily converted into two bedrooms. Once you get back upstairs off of the living room you will see a full bathroom and two bedrooms. From there you will make your way upstairs and will be greeted by the open concept living area that has endless opportunity. It could be covered into an efficiency apartment, to house hack in a high demand area. Outside you find the concrete driveway leading to the garage.

Neighborhood Data

Neighborhood data shown for ZIP Code: 44805, Ashland, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,098 (100%)
Owner Occupied HU	9,068 (64.3%)
Renter Occupied HU	3,892 (27.6%)
Vacant Housing Units	1,138 ( 8.1%)
Median Home Value	$181,882
Average Home Value	$234,167