440 Us Highway 6AndoverOH44003
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 Andover at 440 Us Highway 6, Andover, OH, 44003 priced at $990,000 converts $1,200/mo rent into after a $4,846/mo obligation. Total monthly income equals $1,200/mo. Return on cash invested prints 0.49% in year one, and rental yield reads 1.45% against a $990,000 entry. Equity gained on principal adds $6,388/yr, while 5% annual appreciation compiles into $273,519 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,200/mo property income covering a $4,846/mo payment, not borrower’s personal income.
Single Family
Built in 1860
72.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44003, Andover, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,881 (100%) |
| Owner Occupied HU | 1,403 (48.7%) |
| Renter Occupied HU | 343 (11.9%) |
| Vacant Housing Units | 1,135 (39.4%) |
| Median Home Value | $184,439 |
| Average Home Value | $198,346 |
Housing Distribution
Address Breakdown
Residential
1,436
Single Family
1,436
Multi-Family
0
Businesses
132
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Nearby investment properties with comparable prices
Listed by: Mary J Coburn • Spieth Realty
Mls Name: MLS Now
Mls Provider:
Mls ID: #5045913
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