401 N Main StPolkOH44866
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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 Polk at 401 N Main St, Polk, OH, 44866 priced at $365,000 pairs $1,285/mo rent with after a $1,786/mo payment. Total monthly income equals $1,285/mo. Return on cash invested is 8.85% in year one, and rental yield stands at 4.22% on a $365,000 basis. Equity gained on principal adds $2,355/yr, and 5% annual appreciation accumulates to $100,843 by year five. Five-year ROI measures 44.05% and total cumulative return in cash reaches $53,299. For financing, Ziffy Mortgage’s DSCR program evaluates $1,285/mo property income against a $1,786/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1901
6,720 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44866, Polk, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 775 (100%) |
| Owner Occupied HU | 639 (82.5%) |
| Renter Occupied HU | 85 (11.0%) |
| Vacant Housing Units | 51 ( 6.6%) |
| Median Home Value | $210,437 |
| Average Home Value | $296,459 |
Housing Distribution
Address Breakdown
Residential
763
Single Family
763
Multi-Family
0
Businesses
19
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