361 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
Rental property for sale in Russells Point at 361 3rd St, Russells Point, OH, 43348 generates $1,373/mo in rent and, after a $680/mo payment, leaves $459/mo in cash flow. Total monthly income is $1,373/mo, and annual cash flow is $5,508/yr on $46,079 invested. Return on cash invested sits at 31.86% in year one, and rental yield is 11.85% on a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 167.58% and total cumulative return in cash sums $77,216. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,373/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
2,450 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: Jill MacDonald • Choice Properties Real Estate
Mls Name: WRIST
Mls ID: #1040857