411 N 2nd StNorth BaltimoreOH45872
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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 North Baltimore at 411 N 2nd St, North Baltimore, OH, 45872 uses $56,322 cash to close to unlock $7,128/yr annual cash flow and $594/mo monthly cash flow. Total monthly income runs $1,712/mo, and a $832/mo payment keeps the spread at $594/mo. Purchase price stands at $169,900, and rental yield measures 12.09% with $1,712/mo rent. Return on cash invested shows 32.56% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 171.22% and total cumulative return in cash records $96,434. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,712/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1900
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45872, North Baltimore, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,793 (100%) |
| Owner Occupied HU | 1,213 (67.7%) |
| Renter Occupied HU | 461 (25.7%) |
| Vacant Housing Units | 119 ( 6.6%) |
| Median Home Value | $140,453 |
| Average Home Value | $199,660 |
Housing Distribution
Address Breakdown
Residential
1,689
Single Family
1,566
Multi-Family
123
Businesses
126
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Listed by: Kim Leeper • BHHS Koehler Realty
Mls Name: NORIS
Mls ID: #6123132
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. 2024 NORIS. All rights reserved.