324 E Water StChillicotheOH45601
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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 Chillicothe at 324 E Water St, Chillicothe, OH, 45601 with 5% annual appreciation on a $184,500 basis while $1,301/mo rent supports operations. Total monthly income totals $1,301/mo and a $903/mo payment preserves $87/mo for cash returns. Annual cash flow comes to $1,049/yr on $61,162 deployed, and return on cash invested reaches 21.62% in year one. Equity gained on principal adds $1,191/yr, and five-year appreciation sums $50,974 alongside rental yield of 8.46%. Five-year ROI measures 112.6% and total cumulative return in cash totals $68,870.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,301/mo property income versus a $903/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
7,524 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45601, Chillicothe, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,375 (100%) |
| Owner Occupied HU | 14,645 (62.7%) |
| Renter Occupied HU | 7,048 (30.2%) |
| Vacant Housing Units | 1,682 ( 7.2%) |
| Median Home Value | $198,339 |
| Average Home Value | $228,272 |
Housing Distribution
Address Breakdown
Residential
22,769
Single Family
21,479
Multi-Family
1,290
Businesses
1,662
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Listed by: James Delong • First Group Realty
Mls Name: Scioto Valley AOR
Mls ID: #199074