405 E Ohio AveMount VernonOH43050
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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 Mount Vernon at 405 E Ohio Ave, Mount Vernon, OH, 43050 with 5% annual appreciation on a $210,000 basis while $1,428/mo rent supports operations. Total monthly income totals $1,428/mo and a $1,028/mo payment preserves $47/mo for cash returns. Annual cash flow comes to $558/yr on $69,615 deployed, and return on cash invested reaches 20.71% in year one. Equity gained on principal adds $1,355/yr, and five-year appreciation sums $58,019 alongside rental yield of 8.16%. Five-year ROI measures 107.69% and total cumulative return in cash totals $74,968.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,428/mo property income versus a $1,028/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1930
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43050, Mount Vernon, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,103 (100%) |
| Owner Occupied HU | 7,989 (61.0%) |
| Renter Occupied HU | 4,090 (31.2%) |
| Vacant Housing Units | 1,024 ( 7.8%) |
| Median Home Value | $218,132 |
| Average Home Value | $263,580 |
Housing Distribution
Address Breakdown
Residential
12,305
Single Family
11,517
Multi-Family
788
Businesses
1,007
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Listed by: Sibley Poland • Red 1 Realty
Mls Name: KCBR
Mls ID: #20250664