388 N Main StCadizOH43907
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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 Cadiz at 388 N Main St, Cadiz, OH, 43907 uses $51,349 cash to close to unlock $2,175/yr annual cash flow and $181/mo monthly cash flow. Total monthly income runs $1,200/mo, and a $758/mo payment keeps the spread at $181/mo. Purchase price stands at $154,900, and rental yield measures 9.3% with $1,200/mo rent. Return on cash invested shows 24.14% in year one, and 5% annual appreciation builds toward $42,796 over five years. Five-year ROI reaches 126.12% and total cumulative return in cash records $64,760. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,200/mo property income covering a $758/mo payment rather than investor’s personal income.
Manufactured
Built in 1998
1.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43907, Cadiz, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,664 (100%) |
| Owner Occupied HU | 1,640 (61.6%) |
| Renter Occupied HU | 608 (22.8%) |
| Vacant Housing Units | 416 (15.6%) |
| Median Home Value | $141,582 |
| Average Home Value | $193,771 |
Housing Distribution
Address Breakdown
Residential
2,448
Single Family
2,394
Multi-Family
54
Businesses
233
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