397 Miles AveTipp CityOH45371
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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 Tipp City at 397 Miles Ave, Tipp City, OH, 45371 offers $1,938/mo rent that, after a $1,076/mo payment, leaves $492/mo cash flow. Total monthly income is $1,938/mo, and annual cash flow is $5,902/yr on $72,897 cash. Return on cash invested measures 28.01% in year one, and rental yield stands at 10.58% at a $219,900 entry. Equity gained on principal adds $1,419/yr while 5% annual appreciation compounds into $60,754 by year five. Five-year ROI records 146.78% and total cumulative return in cash reaches $106,996. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,938/mo property income versus a $1,076/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45371, Tipp City, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,311 (100%) |
| Owner Occupied HU | 7,592 (73.6%) |
| Renter Occupied HU | 2,304 (22.3%) |
| Vacant Housing Units | 415 ( 4.0%) |
| Median Home Value | $329,487 |
| Average Home Value | $359,372 |
Housing Distribution
Address Breakdown
Residential
10,206
Single Family
10,096
Multi-Family
110
Businesses
585
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