40 Monroe StMonroevilleOH44847
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Monroeville at 40 Monroe St, Monroeville, OH, 44847 priced at $185,000 pairs $1,800/mo rent with $584/mo cash flow after a $905/mo payment. Total monthly income equals $1,800/mo, and annual cash flow comes to $7,003/yr on $61,328 invested. Return on cash invested is 31.33% in year one, and rental yield stands at 11.68% on a $185,000 basis. Equity gained on principal adds $1,194/yr, and 5% annual appreciation accumulates to $51,112 by year five. Five-year ROI measures 164.62% and total cumulative return in cash reaches $100,959. For financing, Ziffy Mortgage’s DSCR program evaluates $1,800/mo property income against a $905/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1900
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44847, Monroeville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,501 (100%) |
| Owner Occupied HU | 1,139 (75.9%) |
| Renter Occupied HU | 276 (18.4%) |
| Vacant Housing Units | 86 ( 5.7%) |
| Median Home Value | $199,867 |
| Average Home Value | $230,217 |
Housing Distribution
Address Breakdown
Residential
1,316
Single Family
1,298
Multi-Family
18
Businesses
84
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jay A. Ewell • Ewell & Associates
Mls Name: Firelands MLS
Mls ID: #20254517