56 S Shafer StAthensOH45701
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 56 S Shafer St, Athens, OH, 45701 in Athens hard to pass up. The 19.17% gross yield on a $115,000 purchase results in $1,837/mo in rent and $990/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (3.55). Annual cash flow of $11,879, five-year appreciation of $31,772, and $1,059/yr in equity build-up combine for a projected total cumulative return of $107,915.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 19.2% | 6.2% |
| Monthly Cash Flow | $990 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,837 |
| Total Monthly Debt Service | $802 |
| DSCR Ratio | 2.29x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1900
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45701, Athens, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,893 (100%) |
| Owner Occupied HU | 5,295 (41.1%) |
| Renter Occupied HU | 6,517 (50.5%) |
| Vacant Housing Units | 1,081 ( 8.4%) |
| Median Home Value | $246,885 |
| Average Home Value | $296,346 |
Housing Distribution
Address Breakdown
Residential
12,484
Single Family
10,439
Multi-Family
2,045
Businesses
1,282
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1900
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45701, Athens, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,893 (100%) |
| Owner Occupied HU | 5,295 (41.1%) |
| Renter Occupied HU | 6,517 (50.5%) |
| Vacant Housing Units | 1,081 ( 8.4%) |
| Median Home Value | $246,885 |
| Average Home Value | $296,346 |
Housing Distribution
Address Breakdown
Residential
12,484
Single Family
10,439
Multi-Family
2,045
Businesses
1,282
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John Wharton • Ohio Realty
Mls Name: Athens County BOR
Mls Provider:
Mls ID: #2433473
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.