47928 Tornado RdRacineOH45771
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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
Investment property for sale in Racine at 47928 Tornado Rd, Racine, OH, 45771 uses $88,842 cash to close to unlock $1,162/yr annual cash flow and $97/mo monthly cash flow. Total monthly income runs $1,860/mo, and a $1,312/mo payment keeps the spread at $97/mo. Purchase price stands at $268,000, and rental yield measures 8.33% with $1,860/mo rent. Return on cash invested shows 21.22% in year one, and 5% annual appreciation builds toward $74,043 over five years. Five-year ROI reaches 110.35% and total cumulative return in cash records $98,037. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,860/mo property income covering a $1,312/mo payment rather than investor’s personal income.
Single Family
Built in 2002
2.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45771, Racine, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,625 (100%) |
| Owner Occupied HU | 1,109 (68.2%) |
| Renter Occupied HU | 305 (18.8%) |
| Vacant Housing Units | 211 (13.0%) |
| Median Home Value | $159,510 |
| Average Home Value | $237,272 |
Housing Distribution
Address Breakdown
Residential
1,289
Single Family
1,289
Multi-Family
0
Businesses
78
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Listed by: Lisa Hackworth • Evans-Moore Realty
Mls Name: Athens County BOR
Mls Provider:
Mls ID: #2433446
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.