4926 Us Highway 42, Mount Gilead, OH, 43338 | Equity Gain $9,357/yr

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Monthly Cash Flow: 1 - 3k+

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4926 Us Highway 42, Mount Gilead, OH, 43338 | Equity Gain $9,357/yr | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Mount Gilead at 4926 Us Highway 42, Mount Gilead, OH, 43338 listed at $1,450,000 pairs $1,062/mo rent with a $7,097/mo payment. Total monthly income runs $1,062/mo. Return on cash invested measures -1.28% in year one, and rental yield registers 0.88% at a $1,450,000 basis. Equity gained on principal adds $9,357/yr, and annual property appreciation at 5% supports $400,608 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,062/mo property income relative to a $7,097/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1983

75.39 Acres lot

$N/A/sqft

No HOA

More details about the property

FANTASTIC OPPORTUNITY for anyone wanting Hobby Farm or POTENTIAL for HOME DEVELOPER! Very Nice Well Built 1 1/2 Story Home W/ 1sst Floor Master Suite W/ Double Closets, Full Bath and Laundry Utility. Lots of Beautiful Natural Wood Doors, Trim and Flooring Throughout. Open Kitchen W/ Conventional Electric Oven-Range + Functional Wood Fired Cooking Range like Amish might use! Spacious 2nd Floor W/ 2 additional Bedrooms and 2nd Full Bath. Also, Lots of extra Floored Attic Storage. Ground Level Walk-out has additional Possibilities W/ some Partially Finished Rooms and Oversized 1 Car Garage. Several Outbuilding including 30 x 100, a 50 x 36 Pole Barn, a 30 x 30 Shop (old Grain Storage) and a 27 x 25 Garage ( Attached to Barn) W/ 8000 # rated Car Lift Rack. (Sq. Ft. per Auditor Information, to be verified by purchaser) S/A Taxes include 3 Parcels 3 separate Parcels Totaling 76.39 Acres (+ or -) and Approximately 1820 Feet Road Frontage. Availability of Water & Sewer Must Be Verified by purchasers doing own due diligence) The population growth rate for Morrow County falls into the upper third of all Ohio counties. For a primarily rural county, this rate of expansion is well above average and driven by the area's proximity to Columbus, one of the fastest-growing metro regions in the Midwest. Just 40 miles north of Columbus, Mount Gilead is strategically positioned between the Columbus and Mansfield markets. The area offers convenient access to I-71, providing a direct connection to Columbus, Cleveland, and Cincinnati markets while maintaining a quiet rural character.

Neighborhood Data

Neighborhood data shown for ZIP Code: 43338, Mount Gilead, OH area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,597 (100%)
Owner Occupied HU	3,210 (69.8%)
Renter Occupied HU	885 (19.3%)
Vacant Housing Units	502 (10.9%)
Median Home Value	$222,399
Average Home Value	$249,426