5797 Southwater DrMasonOH45040
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
Investment property for sale in Mason at 5797 Southwater Dr, Mason, OH, 45040 listed at $245,000 pairs $2,183/mo rent with a $1,199/mo payment to leave $330/mo cash flow. Total monthly income runs $2,183/mo, and annual cash flow reaches $3,955/yr on $81,218 cash to close. Return on cash invested measures 24.78% in year one, and rental yield registers 10.69% at a $245,000 basis. Equity gained on principal adds $1,581/yr, and annual property appreciation at 5% supports $67,689 by year five. Five-year ROI tracks 130.76% and total cumulative return in cash totals $106,200. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,183/mo property income relative to a $1,199/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1999
1,398 sqft lot
$N/A/sqft
$242 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 45040, Mason, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,632 (100%) |
| Owner Occupied HU | 16,616 (73.4%) |
| Renter Occupied HU | 5,052 (22.3%) |
| Vacant Housing Units | 964 ( 4.3%) |
| Median Home Value | $454,409 |
| Average Home Value | $515,027 |
Housing Distribution
Address Breakdown
Residential
21,841
Single Family
18,979
Multi-Family
2,862
Businesses
1,688
Price History
Date | Event | Price |
|---|---|---|
| 2025-06-04 | Sold | $245,000 |
| 2025-05-15 | Pending sale | $259,900 |
| 2025-05-08 | Price change | $259,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-10 | $3205.38 | 15.04% | $78,980 | 36.17% |
| 2023-10-10 | $2786.28 | 1.31% | $58,000 | 0.00% |
| 2022-10-10 | $2750.30 | 5.56% | $57,998 | N/A |
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: Condo
- Year Built: 1999
- Architectural Style: N/A
- Building Area: 1,108
- Living Area: 1,108 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Electric, Forced Air
- Cooling: Central Air
- Flooring: N/A
- Interior Features: Ceiling Fan(s), Kitchen/Family Room Combo, Pantry, Vaulted Ceiling(s), Walk-In Closet(s)
- Exterior Features: Deck
- Parking Features: Built In, Garage, One Car Garage, Garage Door Opener
Location
HOA & Fees
- HOA Fee: $242 monthly
- Association Fee: $242 monthly
- Fees & Dues: N/A
- Association Amenities: Trail(s)
- Association Fee Includes: Association Management, Clubhouse, Playground, Pool(s), Snow Removal
Utilities
- Utilities: Sewer Available, Water Available
- Sewer: N/A
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Larry Beebe • Comey & Shepherd REALTORS
Mls Name: DABR MLS
Mls Provider:
Mls ID: #933333
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. Copyright Dayton Area Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.