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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Ada at 503 E North Ave, Ada, OH, 45810 offers a 9.32% rental yield on a $170,000 purchase with $1,320/mo rent. Total monthly income registers $1,320/mo, and a $832/mo payment leaves $202/mo available for distribution. Annual cash flow reaches $2,422/yr on $56,355 to close, and return on cash invested stands at 24.21% in year one. Equity gained on principal adds $1,097/yr while 5% annual appreciation supports $46,968 over five years. Portfolio math shows five-year ROI at 126.41% and total cumulative return in cash at $71,241. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,320/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 45810, Ada, OH area.
| 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 |
Residential
2,636
Single Family
2,541
Multi-Family
95
Businesses
148
Date | Event | Price |
|---|---|---|
| 2024-09-05 | Listed for sale | $170,000 |
| 2024-08-27 | Pending sale | $170,000 |
| 2024-08-26 | Contingent | $170,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-14 | $1694.84 | 35.65% | $44,430 | 56.22% |
| 2022-09-14 | $1249.42 | -9.16% | $28,440 | N/A |
| 2021-09-14 | $1375.46 | 9.36% | $28,440 | N/A |
Listed by: Rhonda K Crouse • Realistar
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224019634
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.
