509 E Gambier St APT BMount VernonOH43050
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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 Mount Vernon at 509 E Gambier St APT B, Mount Vernon, OH, 43050 at $226,000 posts ROI 18.89% with from $1,573/mo rent. Total monthly income equals $1,573/mo. Return on cash invested measures 18.89% and rental yield reads 8.35% at the current $226,000. Equity gained on principal adds $1,458/yr, and 5% annual appreciation supports $62,440 by year five. Five-year ROI prints 98.79% and total cumulative return in cash totals $74,015. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,573/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1986
N/A lot
$N/A/sqft
$450 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43050, Mount Vernon, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,103 (100%) |
| Owner Occupied HU | 7,989 (61.0%) |
| Renter Occupied HU | 4,090 (31.2%) |
| Vacant Housing Units | 1,024 ( 7.8%) |
| Median Home Value | $218,132 |
| Average Home Value | $263,580 |
Housing Distribution
Address Breakdown
Residential
12,305
Single Family
11,517
Multi-Family
788
Businesses
1,007
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Listed by: Beth Eaton • Coldwell Banker Quest
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225000116
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.