508 W Walnut StNorth BaltimoreOH45872
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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
Rental property for sale in North Baltimore at 508 W Walnut St, North Baltimore, OH, 45872 generates $816/mo in rent and, after a $514/mo payment, leaves $125/mo in cash flow. Total monthly income is $816/mo, and annual cash flow is $1,503/yr on $34,808 invested. Return on cash invested sits at 24.23% in year one, and rental yield is 9.33% on a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 126.63% and total cumulative return in cash sums $44,078. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $816/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45872, North Baltimore, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,793 (100%) |
| Owner Occupied HU | 1,213 (67.7%) |
| Renter Occupied HU | 461 (25.7%) |
| Vacant Housing Units | 119 ( 6.6%) |
| Median Home Value | $140,453 |
| Average Home Value | $199,660 |
Housing Distribution
Address Breakdown
Residential
1,689
Single Family
1,566
Multi-Family
123
Businesses
126
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Listed by: William Hanna • RE/MAX Unlimited Results Rlty
Mls Name: NORIS
Mls ID: #10000633