517 Harrison StMagnoliaOH44643
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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
Investment property for sale in Magnolia at 517 Harrison St, Magnolia, OH, 44643 earns $237/mo cash flow from $1,421/mo rent with a $881/mo payment. Total monthly income totals $1,421/mo, and annual cash flow totals $2,844/yr on $59,670 capital. ROI tracks 24.68% on current figures, and rental yield reads 9.47% at a $180,000 purchase. Equity gained on principal adds $1,162/yr, and 5% annual appreciation supports $49,731 over five years. Five-year ROI reaches 128.9% and total cumulative return in cash sums $76,913. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,421/mo property income instead of your personal income.
Single Family
Built in 1957
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44643, Magnolia, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,345 (100%) |
| Owner Occupied HU | 972 (72.3%) |
| Renter Occupied HU | 294 (21.9%) |
| Vacant Housing Units | 79 ( 5.9%) |
| Median Home Value | $209,188 |
| Average Home Value | $236,713 |
Housing Distribution
Address Breakdown
Residential
1,198
Single Family
1,198
Multi-Family
0
Businesses
63
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Listed by: Sharon Y Jebavy • HomeWise Real Estate, LLC
Mls Name: MLS Now
Mls Provider:
Mls ID: #5142609
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