578 N Main StAmherstOH44001
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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 Amherst at 578 N Main St, Amherst, OH, 44001 priced at $340,000 converts $2,383/mo rent into $147/mo cash flow after a $1,664/mo obligation. Total monthly income equals $2,383/mo, and annual cash flow totals $1,760/yr on $112,710 invested. Return on cash invested prints 21.47% in year one, and rental yield reads 8.41% against a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation compiles into $93,936 by year five. Five-year ROI reaches 111.73% and total cumulative return in cash sums $125,934. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,383/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 1975
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44001, Amherst, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,218 (100%) |
| Owner Occupied HU | 7,702 (83.6%) |
| Renter Occupied HU | 1,154 (12.5%) |
| Vacant Housing Units | 362 ( 3.9%) |
| Median Home Value | $254,032 |
| Average Home Value | $275,217 |
Housing Distribution
Address Breakdown
Residential
9,107
Single Family
8,815
Multi-Family
292
Businesses
627
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