356 Spring StUticaOH43080
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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 Utica at 356 Spring St, Utica, OH, 43080 uses $66,300 cash to close to unlock $2,368/yr annual cash flow and $197/mo monthly cash flow. Total monthly income runs $1,513/mo, and a $979/mo payment keeps the spread at $197/mo. Purchase price stands at $199,999, and rental yield measures 9.08% with $1,513/mo rent. Return on cash invested shows 23.48% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 122.55% and total cumulative return in cash records $81,248. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,513/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1930
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43080, Utica, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,365 (100%) |
| Owner Occupied HU | 1,697 (71.8%) |
| Renter Occupied HU | 481 (20.3%) |
| Vacant Housing Units | 187 ( 7.9%) |
| Median Home Value | $286,210 |
| Average Home Value | $532,577 |
Housing Distribution
Address Breakdown
Residential
1,740
Single Family
1,700
Multi-Family
40
Businesses
117
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