418 High AveRussells PointOH43348
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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
Rental property for sale in Russells Point at 418 High Ave, Russells Point, OH, 43348 priced at $180,000 converts $1,739/mo rent into $555/mo cash flow after a $881/mo obligation. Total monthly income equals $1,739/mo, and annual cash flow totals $6,660/yr on $59,670 invested. Return on cash invested prints 31.07% in year one, and rental yield reads 11.59% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 163.21% and total cumulative return in cash sums $97,385. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,739/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1974
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43348, Russells Point, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,487 (100%) |
| Owner Occupied HU | 544 (36.6%) |
| Renter Occupied HU | 261 (17.6%) |
| Vacant Housing Units | 682 (45.9%) |
| Median Home Value | $218,750 |
| Average Home Value | $284,223 |
Housing Distribution
Address Breakdown
Residential
1,039
Single Family
1,036
Multi-Family
3
Businesses
122
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Listed by: Tina Pearson • Choice Properties Real Estate
Mls Name: WRIST
Mls Provider:
Mls ID: #1039946
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.