501 Oak StMount 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
Rental property for sale in Mount Vernon at 501 Oak St, Mount Vernon, OH, 43050 priced at $224,900 pairs $1,284/mo rent with after a $1,101/mo payment. Total monthly income equals $1,284/mo. Return on cash invested is 16.76% in year one, and rental yield stands at 6.85% on a $224,900 basis. Equity gained on principal adds $1,451/yr, and 5% annual appreciation accumulates to $62,136 by year five. Five-year ROI measures 86.5% and total cumulative return in cash reaches $64,489. For financing, Ziffy Mortgage’s DSCR program evaluates $1,284/mo property income against a $1,101/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1935
3,484 sqft 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: Reuel O Wright • Coldwell Banker Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls ID: #225042064