3120 Canal Rd #1MinsterOH45865
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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
Investment property for sale in Minster at 3120 Canal Rd #1, Minster, OH, 45865 offers a 6.7% rental yield on a $355,000 purchase with $1,981/mo rent. 29% in year one. Equity gained on principal adds $2,291/yr while 5% annual appreciation supports $98,080 over five years. Portfolio math shows five-year ROI at 83.97% and total cumulative return in cash at $98,820. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,981/mo property income against a $1,738/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
1.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45865, Minster, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,036 (100%) |
| Owner Occupied HU | 1,604 (78.8%) |
| Renter Occupied HU | 299 (14.7%) |
| Vacant Housing Units | 133 ( 6.5%) |
| Median Home Value | $303,768 |
| Average Home Value | $357,322 |
Housing Distribution
Address Breakdown
Residential
2,029
Single Family
2,029
Multi-Family
0
Businesses
210
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