505 N Gorham StFayetteOH43521
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Fayette at 505 N Gorham St, Fayette, OH, 43521 listed at $135,000 pairs $1,319/mo rent with a $661/mo payment to leave $431/mo cash flow. Total monthly income runs $1,319/mo, and annual cash flow reaches $5,169/yr on $44,753 cash to close. Return on cash invested measures 31.46% in year one, and rental yield registers 11.72% at a $135,000 basis. Equity gained on principal adds $871/yr, and annual property appreciation at 5% supports $37,298 by year five. Five-year ROI tracks 165.31% and total cumulative return in cash totals $73,981. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,319/mo property income relative to a $661/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
6,708 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43521, Fayette, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,177 (100%) |
| Owner Occupied HU | 790 (67.1%) |
| Renter Occupied HU | 302 (25.7%) |
| Vacant Housing Units | 85 ( 7.2%) |
| Median Home Value | $127,404 |
| Average Home Value | $169,769 |
Housing Distribution
Address Breakdown
Residential
760
Single Family
760
Multi-Family
0
Businesses
64
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices