501 W North AveAdaOH45810
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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 Ada at 501 W North Ave, Ada, OH, 45810 listed at $257,500 pairs $1,687/mo rent with a $1,260/mo payment. Total monthly income runs $1,687/mo. Return on cash invested measures 19.82% in year one, and rental yield registers 7.86% at a $257,500 basis. Equity gained on principal adds $1,662/yr, and annual property appreciation at 5% supports $71,143 by year five. Five-year ROI tracks 102.88% and total cumulative return in cash totals $87,817. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,687/mo property income relative to a $1,260/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1961
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45810, Ada, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,039 (100%) |
| Owner Occupied HU | 1,684 (55.4%) |
| Renter Occupied HU | 947 (31.2%) |
| Vacant Housing Units | 408 (13.4%) |
| Median Home Value | $176,923 |
| Average Home Value | $194,590 |
Housing Distribution
Address Breakdown
Residential
2,636
Single Family
2,541
Multi-Family
95
Businesses
148
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Listed by: Beverly Rex-Cook • Ron Spencer Real Estate
Mls Name: WCAR OH
Mls Provider:
Mls ID: #305909
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.