515 Milan AveAmherstOH44001
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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 Amherst at 515 Milan Ave, Amherst, OH, 44001 priced at $272,500 converts $2,273/mo rent into $480/mo cash flow after a $1,334/mo obligation. Total monthly income equals $2,273/mo, and annual cash flow totals $5,763/yr on $90,334 invested. Return on cash invested prints 26.29% in year one, and rental yield reads 10.01% against a $272,500 entry. Equity gained on principal adds $1,758/yr, while 5% annual appreciation compiles into $75,287 by year five. Five-year ROI reaches 137.6% and total cumulative return in cash sums $124,302. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,273/mo property income covering a $1,334/mo payment, not borrower’s personal income.
Single Family
Built in 1910
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44001, Amherst, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,218 (100%) |
| Owner Occupied HU | 7,702 (83.6%) |
| Renter Occupied HU | 1,154 (12.5%) |
| Vacant Housing Units | 362 ( 3.9%) |
| Median Home Value | $254,032 |
| Average Home Value | $275,217 |
Housing Distribution
Address Breakdown
Residential
9,107
Single Family
8,815
Multi-Family
292
Businesses
627
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