48365 Van Meter Hill 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 48365 Van Meter Hill Rd, Racine, OH, 45771 listed at $254,500 pairs $2,166/mo rent with a $1,246/mo payment to leave $492/mo cash flow. Total monthly income runs $2,166/mo, and annual cash flow reaches $5,899/yr on $84,367 cash to close. Return on cash invested measures 26.9% in year one, and rental yield registers 10.21% at a $254,500 basis. Equity gained on principal adds $1,642/yr, and annual property appreciation at 5% supports $70,314 by year five. Five-year ROI tracks 140.86% and total cumulative return in cash totals $118,843. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,166/mo property income relative to a $1,246/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1994
3.18 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: Susan Barga • The Athens Real Estate Co., Ltd.
Mls Name: Athens County BOR
Mls Provider:
Mls ID: #2433327
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.