51 Highmeadow DrMount VernonOH43050
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
Rental property for sale in Mount Vernon at 51 Highmeadow Dr, Mount Vernon, OH, 43050 priced at $189,900 converts $1,876/mo rent into $627/mo cash flow after a $929/mo obligation. Total monthly income equals $1,876/mo, and annual cash flow totals $7,528/yr on $62,952 invested. Return on cash invested prints 31.87% in year one, and rental yield reads 11.85% against a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation compiles into $52,466 by year five. Five-year ROI reaches 167.55% and total cumulative return in cash sums $105,473. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,876/mo property income covering a $929/mo payment, not borrower’s personal income.
Condo
Built in 2005
4,617 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Richard Merritt • Coldwell Banker-Quest
Mls Name: KCBR
Mls ID: #20250797