508 W Front StRockfordOH45882
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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 Rockford at 508 W Front St, Rockford, OH, 45882 uses $38,123 cash to close to unlock $8,385/yr annual cash flow and $699/mo monthly cash flow. Total monthly income runs $1,471/mo, and a $563/mo payment keeps the spread at $699/mo. Purchase price stands at $115,000, and rental yield measures 15.35% with $1,471/mo rent. Return on cash invested shows 41.91% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 221.5% and total cumulative return in cash records $84,441. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,471/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1900
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45882, Rockford, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,192 (100%) |
| Owner Occupied HU | 939 (78.8%) |
| Renter Occupied HU | 183 (15.4%) |
| Vacant Housing Units | 70 ( 5.9%) |
| Median Home Value | $170,711 |
| Average Home Value | $203,206 |
Housing Distribution
Address Breakdown
Residential
1,111
Single Family
1,090
Multi-Family
21
Businesses
68
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Listed by: Cassandra Bell • Suchland Realty Group
Mls Name: WRIST
Mls Provider:
Mls ID: #1034749
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.