516 E Court StUrbanaOH43078
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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 Urbana at 516 E Court St, Urbana, OH, 43078 priced at $340,000 converts $2,237/mo rent into $1/mo cash flow after a $1,664/mo obligation. Total monthly income equals $2,237/mo, and annual cash flow totals $8/yr on $112,710 invested. Return on cash invested prints 19.92% in year one, and rental yield reads 7.9% against a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation compiles into $93,936 by year five. Five-year ROI reaches 103.39% and total cumulative return in cash sums $116,526. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,237/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 1942
9,918 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43078, Urbana, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,456 (100%) |
| Owner Occupied HU | 6,238 (66.0%) |
| Renter Occupied HU | 2,505 (26.5%) |
| Vacant Housing Units | 713 ( 7.5%) |
| Median Home Value | $200,871 |
| Average Home Value | $247,874 |
Housing Distribution
Address Breakdown
Residential
8,838
Single Family
8,342
Multi-Family
496
Businesses
679
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