315 W Pendleton StLoudonvilleOH44842
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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 Loudonville at 315 W Pendleton St, Loudonville, OH, 44842 priced at $150,000 converts $1,129/mo rent into $143/mo cash flow after a $734/mo obligation. Total monthly income equals $1,129/mo, and annual cash flow totals $1,710/yr on $49,725 invested. Return on cash invested prints 23.35% in year one, and rental yield reads 9.03% against a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 121.86% and total cumulative return in cash sums $60,594. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,129/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1938
4,225 sqft 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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Listed by: Wendy Anderson • NextHome Next Stepp
Mls Name: Ashland BOR
Mls ID: #229209
Disclaimer: Copyright Ashland Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.