311 Township Road 2300LoudonvilleOH44842
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
Rental property for sale in Loudonville at 311 Township Road 2300, Loudonville, OH, 44842 generates $1,591/mo in rent, after a $2,814/mo payment. Total monthly income is $1,591/mo. Return on cash invested sits at 6.16% in year one, and rental yield is 3.32% on a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 29.63% and total cumulative return in cash sums $56,051. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,591/mo property income rather than buyer’s personal income.
Single Family
Built in 1997
15.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44842, Loudonville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,485 (100%) |
| Owner Occupied HU | 1,703 (68.5%) |
| Renter Occupied HU | 573 (23.1%) |
| Vacant Housing Units | 209 ( 8.4%) |
| Median Home Value | $213,705 |
| Average Home Value | $240,567 |
Housing Distribution
Address Breakdown
Residential
2,446
Single Family
2,415
Multi-Family
31
Businesses
232
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Nearby investment properties with comparable prices
Listed by: Rob Ward • Coldwell Banker Ward Real Estate
Mls Name: Ashland BOR
Mls ID: #229536