550 Mill StChillicotheOH45601
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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 Chillicothe at 550 Mill St, Chillicothe, OH, 45601 priced at $187,900 converts $1,140/mo rent into after a $920/mo obligation. Total monthly income equals $1,140/mo. Return on cash invested prints 18.05% in year one, and rental yield reads 7.28% against a $187,900 entry. Equity gained on principal adds $1,212/yr, while 5% annual appreciation compiles into $51,913 by year five. Five-year ROI reaches 93.42% and total cumulative return in cash sums $58,189. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,140/mo property income covering a $920/mo payment, not borrower’s personal income.
Single Family
Built in 1940
5,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45601, Chillicothe, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,375 (100%) |
| Owner Occupied HU | 14,645 (62.7%) |
| Renter Occupied HU | 7,048 (30.2%) |
| Vacant Housing Units | 1,682 ( 7.2%) |
| Median Home Value | $198,339 |
| Average Home Value | $228,272 |
Housing Distribution
Address Breakdown
Residential
22,769
Single Family
21,479
Multi-Family
1,290
Businesses
1,662
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Listed by: Susan Byrd • ERA Martin & Associates (C)
Mls Name: Scioto Valley AOR
Mls ID: #198855