560 Hemingway AveLithopolisOH43136
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
Investment Highlights
Rental property for sale in Lithopolis at 560 Hemingway Ave, Lithopolis, OH, 43136 offers $2,855/mo rent that, after a $1,805/mo payment, leaves $407/mo cash flow. Total monthly income is $2,855/mo, and annual cash flow is $4,885/yr on $122,237 cash. Return on cash invested measures 23.91% in year one, and rental yield stands at 9.29% at a $368,740 entry. Equity gained on principal adds $2,379/yr while 5% annual appreciation compounds into $101,876 by year five. Five-year ROI records 124.89% and total cumulative return in cash reaches $152,657. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,855/mo property income versus a $1,805/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
7,405 sqft lot
$N/A/sqft
$266 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43136, Lithopolis, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 801 (100%) |
| Owner Occupied HU | 689 (86.0%) |
| Renter Occupied HU | 79 ( 9.9%) |
| Vacant Housing Units | 33 ( 4.1%) |
| Median Home Value | $354,141 |
| Average Home Value | $395,265 |
Housing Distribution
Address Breakdown
Residential
632
Single Family
632
Multi-Family
0
Businesses
79
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alexander A Hencheck • HMS Real Estate
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224033026
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.