48279 State Route 124 #338RacineOH45771
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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 48279 State Route 124 #338, Racine, OH, 45771 earns $135/mo cash flow from $858/mo rent with a $538/mo payment. Total monthly income totals $858/mo, and annual cash flow totals $1,620/yr on $36,432 capital. ROI tracks 24.36% on current figures, and rental yield reads 9.37% at a $109,900 purchase. Equity gained on principal adds $709/yr, and 5% annual appreciation supports $30,363 over five years. Five-year ROI reaches 127.19% and total cumulative return in cash sums $46,336. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $858/mo property income instead of your personal income.
Single Family
Built in 1958
0.61 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: Sherri Hart • Cleland Realty inc.
Mls Name: Athens County BOR
Mls Provider:
Mls ID: #2433406
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.