406 E North StGeorgetownOH45121
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 406 E North St, Georgetown, OH, 45121 in Georgetown the bet is firmly on appreciation. Rental yield 3.59%. The 3.59% gross yield on a $164,900 price is below income-first thresholds, but 5%/yr value growth projects $45,559 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.67) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $24,797.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 3.6% | 6.2% |
| Monthly Cash Flow | $(591) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $493 |
| Total Monthly Debt Service | $1,019 |
| DSCR Ratio | 0.48x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45121, Georgetown, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,877 (100%) |
| Owner Occupied HU | 2,365 (61.0%) |
| Renter Occupied HU | 1,109 (28.6%) |
| Vacant Housing Units | 403 (10.4%) |
| Median Home Value | $164,901 |
| Average Home Value | $207,494 |
Housing Distribution
Address Breakdown
Residential
3,740
Single Family
3,709
Multi-Family
31
Businesses
265
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
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45121, Georgetown, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,877 (100%) |
| Owner Occupied HU | 2,365 (61.0%) |
| Renter Occupied HU | 1,109 (28.6%) |
| Vacant Housing Units | 403 (10.4%) |
| Median Home Value | $164,901 |
| Average Home Value | $207,494 |
Housing Distribution
Address Breakdown
Residential
3,740
Single Family
3,709
Multi-Family
31
Businesses
265
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jo Ann Morgan • Ring Real Estate Co., Georgeto
Mls Name: Cincy MLS
Mls ID: #1847875