489 Myah DrFremontOH43420
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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 Fremont at 489 Myah Dr, Fremont, OH, 43420 priced at $211,000 converts $2,035/mo rent into $647/mo cash flow after a $1,033/mo obligation. Total monthly income equals $2,035/mo, and annual cash flow totals $7,762/yr on $69,947 invested. Return on cash invested prints 31.01% in year one, and rental yield reads 11.57% against a $211,000 entry. Equity gained on principal adds $1,362/yr, while 5% annual appreciation compiles into $58,295 by year five. Five-year ROI reaches 162.85% and total cumulative return in cash sums $113,909. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,035/mo property income covering a $1,033/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43420, Fremont, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,790 (100%) |
| Owner Occupied HU | 8,907 (64.6%) |
| Renter Occupied HU | 3,741 (27.1%) |
| Vacant Housing Units | 1,142 ( 8.3%) |
| Median Home Value | $152,446 |
| Average Home Value | $192,054 |
Housing Distribution
Address Breakdown
Residential
13,242
Single Family
12,548
Multi-Family
694
Businesses
1,125
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