312 Nimitz AveWintersvilleOH43953
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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
Rental property for sale in Wintersville at 312 Nimitz Ave, Wintersville, OH, 43953 priced at $124,900 converts $950/mo rent into $129/mo cash flow after a $611/mo obligation. Total monthly income equals $950/mo, and annual cash flow totals $1,545/yr on $41,404 invested. Return on cash invested prints 23.64% in year one, and rental yield reads 9.13% against a $124,900 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation compiles into $34,508 by year five. Five-year ROI reaches 123.37% and total cumulative return in cash sums $51,082. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $950/mo property income covering a $611/mo payment, not borrower’s personal income.
Single Family
Built in 1972
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43953, Steubenville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,374 (100%) |
| Owner Occupied HU | 3,407 (63.4%) |
| Renter Occupied HU | 1,551 (28.9%) |
| Vacant Housing Units | 416 ( 7.7%) |
| Median Home Value | $147,494 |
| Average Home Value | $192,023 |
Housing Distribution
Address Breakdown
Residential
5,302
Single Family
4,894
Multi-Family
408
Businesses
392
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Listed by: Janice B Adrian • Gary W. Cain Realty & Auctioneers,LLC
Mls Name: MLS Now
Mls ID: #5157784