408 North StBeloitOH44609
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 Beloit at 408 North St, Beloit, OH, 44609 priced at $116,500 pairs $934/mo rent with $168/mo cash flow after a $570/mo payment. Total monthly income equals $934/mo, and annual cash flow comes to $2,015/yr on $38,620 invested. Return on cash invested is 25.13% in year one, and rental yield stands at 9.62% on a $116,500 basis. Equity gained on principal adds $752/yr, and 5% annual appreciation accumulates to $32,187 by year five. Five-year ROI measures 131.37% and total cumulative return in cash reaches $50,736. For financing, Ziffy Mortgage’s DSCR program evaluates $934/mo property income against a $570/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1935
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44609, Beloit, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,603 (100%) |
| Owner Occupied HU | 1,215 (75.8%) |
| Renter Occupied HU | 231 (14.4%) |
| Vacant Housing Units | 157 ( 9.8%) |
| Median Home Value | $205,270 |
| Average Home Value | $221,288 |
Housing Distribution
Address Breakdown
Residential
1,473
Single Family
1,423
Multi-Family
50
Businesses
55
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Listed by: Susan Kilmer • Towne & Suburban Realty, Inc.
Mls Name: MLS Now
Mls Provider:
Mls ID: #5092404
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