44 Ridge Wood DrMonroeOH45050
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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 Monroe at 44 Ridge Wood Dr, Monroe, OH, 45050 priced at $599,000 converts $4,004/mo rent into $64/mo cash flow after a $2,932/mo obligation. Total monthly income equals $4,004/mo, and annual cash flow totals $764/yr on $197,071 invested. Return on cash invested prints 20.45% in year one, and rental yield reads 8.02% against a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation compiles into $165,493 by year five. Five-year ROI reaches 106.21% and total cumulative return in cash sums $209,314. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,004/mo property income covering a $2,932/mo payment, not borrower’s personal income.
Single Family
Built in 2004
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45050, Monroe, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,266 (100%) |
| Owner Occupied HU | 3,235 (75.8%) |
| Renter Occupied HU | 916 (21.5%) |
| Vacant Housing Units | 115 ( 2.7%) |
| Median Home Value | $330,977 |
| Average Home Value | $347,472 |
Housing Distribution
Address Breakdown
Residential
4,427
Single Family
4,338
Multi-Family
89
Businesses
573
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