47 Spring StGlousterOH45732
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 Glouster at 47 Spring St, Glouster, OH, 45732 offers a 9.24% rental yield on a $116,000 purchase with $893/mo rent. Total monthly income registers $893/mo, and a $568/mo payment leaves $130/mo available for distribution. Annual cash flow reaches $1,557/yr on $38,454 to close, and return on cash invested stands at 23.96% in year one. Equity gained on principal adds $749/yr while 5% annual appreciation supports $32,049 over five years. Portfolio math shows five-year ROI at 125.1% and total cumulative return in cash at $48,107. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $893/mo property income against a $568/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45732, Glouster, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,377 (100%) |
| Owner Occupied HU | 1,519 (63.9%) |
| Renter Occupied HU | 453 (19.1%) |
| Vacant Housing Units | 405 (17.0%) |
| Median Home Value | $121,755 |
| Average Home Value | $153,812 |
Housing Distribution
Address Breakdown
Residential
1,961
Single Family
1,961
Multi-Family
0
Businesses
87
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sean Keiffer • Ohio Realty
Mls Name: Athens County BOR
Mls Provider:
Mls ID: #2433250
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. Information is deemed reliable but not guaranteed.