414 W North AveAdaOH45810
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 Ada at 414 W North Ave, Ada, OH, 45810 priced at $295,000 converts $1,498/mo rent into after a $1,444/mo obligation. Total monthly income equals $1,498/mo. Return on cash invested prints 14.48% in year one, and rental yield reads 6.09% against a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation compiles into $81,503 by year five. Five-year ROI reaches 74.25% and total cumulative return in cash sums $72,614. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,498/mo property income covering a $1,444/mo payment, not borrower’s personal income.
Single Family
Built in 1966
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45810, Ada, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,039 (100%) |
| Owner Occupied HU | 1,684 (55.4%) |
| Renter Occupied HU | 947 (31.2%) |
| Vacant Housing Units | 408 (13.4%) |
| Median Home Value | $176,923 |
| Average Home Value | $194,590 |
Housing Distribution
Address Breakdown
Residential
2,636
Single Family
2,541
Multi-Family
95
Businesses
148
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices