38 Providence Dr APT 59FairfieldOH45014
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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 Fairfield at 38 Providence Dr APT 59, Fairfield, OH, 45014 generates $1,167/mo in rent and, after a $729/mo payment, leaves $187/mo in cash flow. Total monthly income is $1,167/mo, and annual cash flow is $2,246/yr on $49,394 invested. Return on cash invested sits at 24.46% in year one, and rental yield is 9.4% on a $149,000 entry. Equity gained on principal adds $961/yr, while 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 127.82% and total cumulative return in cash sums $63,136. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,167/mo property income rather than buyer’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45014, Fairfield, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,902 (100%) |
| Owner Occupied HU | 11,851 (59.5%) |
| Renter Occupied HU | 7,357 (37.0%) |
| Vacant Housing Units | 694 ( 3.5%) |
| Median Home Value | $246,601 |
| Average Home Value | $280,956 |
Housing Distribution
Address Breakdown
Residential
19,301
Single Family
14,714
Multi-Family
4,587
Businesses
1,549
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