32 1st Dr SAshtabulaOH44004
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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 Ashtabula at 32 1st Dr S, Ashtabula, OH, 44004 offers $848/mo rent that, after a $534/mo payment, leaves $131/mo cash flow. Total monthly income is $848/mo, and annual cash flow is $1,566/yr on $36,134 cash. Return on cash invested measures 24.24% in year one, and rental yield stands at 9.34% at a $109,000 entry. Equity gained on principal adds $703/yr while 5% annual appreciation compounds into $30,115 by year five. Five-year ROI records 126.66% and total cumulative return in cash reaches $45,766. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $848/mo property income versus a $534/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44004, Ashtabula, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,725 (100%) |
| Owner Occupied HU | 8,611 (54.8%) |
| Renter Occupied HU | 4,963 (31.6%) |
| Vacant Housing Units | 2,151 (13.7%) |
| Median Home Value | $148,843 |
| Average Home Value | $183,060 |
Housing Distribution
Address Breakdown
Residential
14,394
Single Family
13,309
Multi-Family
1,085
Businesses
911
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