500 Alton StLondonOH43140
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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 London at 500 Alton St, London, OH, 43140 listed at $254,900 pairs $2,909/mo rent with a $1,248/mo payment to leave $1,065/mo cash flow. Total monthly income runs $2,909/mo, and annual cash flow reaches $12,783/yr on $84,499 cash to close. Return on cash invested measures 35.04% in year one, and rental yield registers 13.69% at a $254,900 basis. Equity gained on principal adds $1,645/yr, and annual property appreciation at 5% supports $70,424 by year five. Five-year ROI tracks 185.37% and total cumulative return in cash totals $156,636. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,909/mo property income relative to a $1,248/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1996
2,613 sqft lot
$N/A/sqft
$2,000 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43140, London, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,429 (100%) |
| Owner Occupied HU | 5,740 (68.1%) |
| Renter Occupied HU | 2,056 (24.4%) |
| Vacant Housing Units | 633 ( 7.5%) |
| Median Home Value | $251,153 |
| Average Home Value | $294,249 |
Housing Distribution
Address Breakdown
Residential
8,196
Single Family
8,016
Multi-Family
180
Businesses
592
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Listed by: Hannah Smith • Fathom Realty
Mls Name: WRIST
Mls Provider:
Mls ID: #1033429
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