5611 State Route 296CableOH43009
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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 Cable at 5611 State Route 296, Cable, OH, 43009 generates $1,516/mo in rent, after a $1,958/mo payment. Total monthly income is $1,516/mo. Return on cash invested sits at 9.82% in year one, and rental yield is 4.55% on a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 49.23% and total cumulative return in cash sums $65,284. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,516/mo property income rather than buyer’s personal income.
Multi Family
Built in 1998
2.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43009, Cable, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 825 (100%) |
| Owner Occupied HU | 695 (84.2%) |
| Renter Occupied HU | 92 (11.2%) |
| Vacant Housing Units | 38 ( 4.6%) |
| Median Home Value | $266,860 |
| Average Home Value | $302,094 |
Housing Distribution
Address Breakdown
Residential
710
Single Family
710
Multi-Family
0
Businesses
11
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