488 N Jay StWest MiltonOH45383
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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
Rental property for sale in West Milton at 488 N Jay St, West Milton, OH, 45383 offers $1,075/mo rent that, after a $2,080/mo payment. Total monthly income is $1,075/mo. Return on cash invested measures 5.26% in year one, and rental yield stands at 3.04% at a $425,000 entry. Equity gained on principal adds $2,742/yr while 5% annual appreciation compounds into $117,420 by year five. Five-year ROI records 24.79% and total cumulative return in cash reaches $34,925. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,075/mo property income versus a $2,080/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1963
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45383, West Milton, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,193 (100%) |
| Owner Occupied HU | 2,243 (70.2%) |
| Renter Occupied HU | 799 (25.0%) |
| Vacant Housing Units | 151 ( 4.7%) |
| Median Home Value | $197,880 |
| Average Home Value | $264,735 |
Housing Distribution
Address Breakdown
Residential
3,099
Single Family
3,022
Multi-Family
77
Businesses
160
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Listed by: Andrew C Wade • Roby Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #225022141