402 Longview AveMingo JunctionOH43938
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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 Mingo Junction at 402 Longview Ave, Mingo Junction, OH, 43938 priced at $174,900 converts $1,533/mo rent into $383/mo cash flow after a $856/mo obligation. Total monthly income equals $1,533/mo, and annual cash flow totals $4,591/yr on $57,979 invested. Return on cash invested prints 27.83% in year one, and rental yield reads 10.52% against a $174,900 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,322 by year five. Five-year ROI reaches 145.85% and total cumulative return in cash sums $84,564. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,533/mo property income covering a $856/mo payment, not borrower’s personal income.
Single Family
Built in 1937
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43938, Mingo Junction, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,407 (100%) |
| Owner Occupied HU | 1,528 (63.5%) |
| Renter Occupied HU | 571 (23.7%) |
| Vacant Housing Units | 308 (12.8%) |
| Median Home Value | $99,673 |
| Average Home Value | $129,524 |
Housing Distribution
Address Breakdown
Residential
2,303
Single Family
2,228
Multi-Family
75
Businesses
99
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Listed by: James Lash • Cedar One Realty
Mls Name: MLS Now
Mls ID: #5159765