31 1st StAthensOH45701
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 Athens at 31 1st St, Athens, OH, 45701 uses $53,040 cash to close to unlock $1,964/yr annual cash flow and $164/mo monthly cash flow. Total monthly income runs $1,216/mo, and a $783/mo payment keeps the spread at $164/mo. Purchase price stands at $160,000, and rental yield measures 9.12% with $1,216/mo rent. Return on cash invested shows 23.61% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 123.24% and total cumulative return in cash records $65,366. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,216/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1900
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45701, Athens, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,893 (100%) |
| Owner Occupied HU | 5,295 (41.1%) |
| Renter Occupied HU | 6,517 (50.5%) |
| Vacant Housing Units | 1,081 ( 8.4%) |
| Median Home Value | $246,885 |
| Average Home Value | $296,346 |
Housing Distribution
Address Breakdown
Residential
12,484
Single Family
10,439
Multi-Family
2,045
Businesses
1,282
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Erin Carter • e-Merge Real Estate
Mls Name: Athens County BOR
Mls Provider:
Mls ID: #2433897
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.