5 Fairway DrMount VernonOH43050
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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 Mount Vernon at 5 Fairway Dr, Mount Vernon, OH, 43050 uses $91,163 cash to close to unlock $3,421/yr annual cash flow and $285/mo monthly cash flow. Total monthly income runs $2,094/mo, and a $1,346/mo payment keeps the spread at $285/mo. Purchase price stands at $275,000, and rental yield measures 9.14% with $2,094/mo rent. Return on cash invested shows 23.66% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 123.52% and total cumulative return in cash records $112,607. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,094/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Condo
Built in 1996
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43050, Mount Vernon, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,103 (100%) |
| Owner Occupied HU | 7,989 (61.0%) |
| Renter Occupied HU | 4,090 (31.2%) |
| Vacant Housing Units | 1,024 ( 7.8%) |
| Median Home Value | $218,132 |
| Average Home Value | $263,580 |
Housing Distribution
Address Breakdown
Residential
12,305
Single Family
11,517
Multi-Family
788
Businesses
1,007
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Listed by: Sam Miller • Re/Max Stars
Mls Name: KCBR
Mls ID: #20250189
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.