518 Us Route 224SullivanOH44880
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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 Sullivan at 518 Us Route 224, Sullivan, OH, 44880 listed at $228,000 pairs $1,520/mo rent with a $1,116/mo payment to leave $20/mo cash flow. Total monthly income runs $1,520/mo, and annual cash flow reaches $242/yr on $75,582 cash to close. Return on cash invested measures 20.23% in year one, and rental yield registers 8% at a $228,000 basis. Equity gained on principal adds $1,471/yr, and annual property appreciation at 5% supports $62,992 by year five. Five-year ROI tracks 105.11% and total cumulative return in cash totals $79,443. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,520/mo property income relative to a $1,116/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1996
1.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44880, Sullivan, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,111 (100%) |
| Owner Occupied HU | 931 (83.8%) |
| Renter Occupied HU | 102 ( 9.2%) |
| Vacant Housing Units | 78 ( 7.0%) |
| Median Home Value | $246,935 |
| Average Home Value | $269,592 |
Housing Distribution
Address Breakdown
Residential
1,116
Single Family
1,116
Multi-Family
0
Businesses
18
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