341 3rd StRussells PointOH43348
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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 Russells Point at 341 3rd St, Russells Point, OH, 43348 uses $79,229 cash to close to unlock $500/yr annual cash flow and $42/mo monthly cash flow. Total monthly income runs $1,614/mo, and a $1,170/mo payment keeps the spread at $42/mo. Purchase price stands at $239,000, and rental yield measures 8.1% with $1,614/mo rent. Return on cash invested shows 20.54% in year one, and 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 106.73% and total cumulative return in cash records $84,564. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,614/mo property income covering a $1,170/mo payment rather than investor’s personal income.
Single Family
Built in 1980
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43348, Russells Point, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,487 (100%) |
| Owner Occupied HU | 544 (36.6%) |
| Renter Occupied HU | 261 (17.6%) |
| Vacant Housing Units | 682 (45.9%) |
| Median Home Value | $218,750 |
| Average Home Value | $284,223 |
Housing Distribution
Address Breakdown
Residential
1,039
Single Family
1,036
Multi-Family
3
Businesses
122
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Listed by: Matthew W Taylor • Coldwell Banker Heritage
Mls Name: DABR MLS
Mls ID: #943145