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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 505 N Gilbert St, Ada, OH, 45810 with 5% annual appreciation on a $280,000 basis while $2,113/mo rent supports operations. Total monthly income totals $2,113/mo and a $1,370/mo payment preserves $272/mo for cash returns. Annual cash flow comes to $3,260/yr on $92,820 deployed, and return on cash invested reaches 23.42% in year one. Equity gained on principal adds $1,807/yr, and five-year appreciation sums $77,359 alongside rental yield of 9.06%. Five-year ROI measures 122.19% and total cumulative return in cash totals $113,421.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,113/mo property income versus a $1,370/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1905
7,405 sqft 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 |
|---|---|---|
| 2025-04-15 | Listed for sale | $280,000 |
| 2023-05-31 | Sold | $220,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-16 | $1784.24 | 5.04% | $47,850 | 21.14% |
| 2022-04-16 | $1698.64 | -9.00% | $39,500 | N/A |
| 2021-04-16 | $1866.64 | 11.98% | $39,500 | N/A |
Listed by: Jacob McKissick • Dye Real Estate & Land Company
Mls Name: WCAR OH
Mls Provider:
Mls ID: #306756
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.
