511 Clay StCareyOH43316
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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 Carey at 511 Clay St, Carey, OH, 43316 priced at $159,000 pairs $1,252/mo rent with $206/mo cash flow after a $778/mo payment. Total monthly income equals $1,252/mo, and annual cash flow comes to $2,476/yr on $52,709 invested. Return on cash invested is 24.61% in year one, and rental yield stands at 9.45% on a $159,000 basis. Equity gained on principal adds $1,026/yr, and 5% annual appreciation accumulates to $43,929 by year five. Five-year ROI measures 128.61% and total cumulative return in cash reaches $67,788. For financing, Ziffy Mortgage’s DSCR program evaluates $1,252/mo property income against a $778/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1948
8,254 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43316, Carey, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,616 (100%) |
| Owner Occupied HU | 1,826 (69.8%) |
| Renter Occupied HU | 556 (21.3%) |
| Vacant Housing Units | 234 ( 8.9%) |
| Median Home Value | $188,131 |
| Average Home Value | $226,943 |
Housing Distribution
Address Breakdown
Residential
2,519
Single Family
2,448
Multi-Family
71
Businesses
151
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