5123 State Route 13 SECorningOH43730
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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 Corning at 5123 State Route 13 SE, Corning, OH, 43730 generates $2,100/mo in rent, after a $6,561/mo payment. Total monthly income is $2,100/mo. Return on cash invested sits at 1.81% in year one, and rental yield is 1.88% on a $1,340,500 entry. Equity gained on principal adds $8,650/yr, while 5% annual appreciation builds toward $370,355 over five years. Five-year ROI reaches 6.21% and total cumulative return in cash sums $26,987. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,100/mo property income rather than buyer’s personal income.
Home Type Unknown
Built in 1974
125 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43730, Corning, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,111 (100%) |
| Owner Occupied HU | 816 (73.4%) |
| Renter Occupied HU | 170 (15.3%) |
| Vacant Housing Units | 125 (11.3%) |
| Median Home Value | $185,870 |
| Average Home Value | $238,808 |
Housing Distribution
Address Breakdown
Residential
777
Single Family
777
Multi-Family
0
Businesses
32
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