328 N Union St, Loudonville, OH, 44842 | $313/mo Cash Flow

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328 N Union St, Loudonville, OH, 44842 | $313/mo Cash Flow | Ziffy

Recently Sold

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Loudonville at 328 N Union St, Loudonville, OH, 44842 offers a 10.14% rental yield on a $167,000 purchase with $1,411/mo rent. Total monthly income registers $1,411/mo, and a $817/mo payment leaves $313/mo available for distribution. Annual cash flow reaches $3,755/yr on $55,361 to close, and return on cash invested stands at 26.69% in year one. Equity gained on principal adds $1,078/yr while 5% annual appreciation supports $46,139 over five years. Portfolio math shows five-year ROI at 139.69% and total cumulative return in cash at $77,331. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,411/mo property income against a $817/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1903

10,798 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming Turn-of-the-Century Farmhouse Step back in time with this beautifully preserved early 1900s farmhousefull of character yet thoughtfully updated for modern living. Located in the heart of Loudonville, this 3-bedroom, 1-bath home has been lovingly maintained and offers a rare blend of original charm and practical upgrades. Inside, you'll find spacious bedrooms with original hardwood floors, solid wood trim, and plaster walls that reflect the craftsmanship of a bygone era. Unique touches like vintage gas light fixtures remain, adding a warm nostalgic feel. Updates include windows, siding and roof. The basement is clean and well-kept, offering extra storage. If you've been dreaming of a classic farmhouse with soul, history, and updates where they countthis one is worth a look.

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