414 W 8th StDoverOH44622
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
Investment property for sale in Dover at 414 W 8th St, Dover, OH, 44622 uses $77,869 cash to close to unlock $38,911/yr annual cash flow and $3,243/mo monthly cash flow. Total monthly income runs $4,788/mo, and a $1,150/mo payment keeps the spread at $3,243/mo. Purchase price stands at $234,900, and rental yield measures 24.46% with $4,788/mo rent. Return on cash invested shows 69.88% in year one, and 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 371.34% and total cumulative return in cash records $289,161. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,788/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1933
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44622, Dover, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,285 (100%) |
| Owner Occupied HU | 5,472 (66.0%) |
| Renter Occupied HU | 2,243 (27.1%) |
| Vacant Housing Units | 570 ( 6.9%) |
| Median Home Value | $232,976 |
| Average Home Value | $281,470 |
Housing Distribution
Address Breakdown
Residential
7,946
Single Family
7,548
Multi-Family
398
Businesses
704
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Listed by: Patricia A Russell • RE/MAX Crossroads Properties
Mls Name: MLS Now
Mls Provider:
Mls ID: #5063667
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