5378 Owen Hill RdAndoverOH44003
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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 Andover at 5378 Owen Hill Rd, Andover, OH, 44003 generates $1,200/mo in rent, after a $929/mo payment. Total monthly income is $1,200/mo. Return on cash invested sits at 18.98% in year one, and rental yield is 7.58% on a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 98.41% and total cumulative return in cash sums $61,949. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,200/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
1.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44003, Andover, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,881 (100%) |
| Owner Occupied HU | 1,403 (48.7%) |
| Renter Occupied HU | 343 (11.9%) |
| Vacant Housing Units | 1,135 (39.4%) |
| Median Home Value | $184,439 |
| Average Home Value | $198,346 |
Housing Distribution
Address Breakdown
Residential
1,436
Single Family
1,436
Multi-Family
0
Businesses
132
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