48328 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 48328 Tornado Rd, Racine, OH, 45771 offers a 8.88% rental yield on a $189,900 purchase with $1,406/mo rent. Total monthly income registers $1,406/mo, and a $929/mo payment leaves $157/mo available for distribution. Annual cash flow reaches $1,888/yr on $62,952 to close, and return on cash invested stands at 22.91% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 119.47% and total cumulative return in cash at $75,209. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,406/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
1.43 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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