587 State StThurmanOH45685
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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
Investment property for sale in Thurman at 587 State St, Thurman, OH, 45685 uses $58,013 cash to close to unlock $12,473/yr annual cash flow and $1,039/mo monthly cash flow. Total monthly income runs $2,191/mo, and a $857/mo payment keeps the spread at $1,039/mo. Purchase price stands at $175,000, and rental yield measures 15.02% with $2,191/mo rent. Return on cash invested shows 41.41% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 218.7% and total cumulative return in cash records $126,871. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,191/mo property income covering a $857/mo payment rather than investor’s personal income.
Manufactured
Built in 1985
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45685, Thurman, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 712 (100%) |
| Owner Occupied HU | 420 (59.0%) |
| Renter Occupied HU | 170 (23.9%) |
| Vacant Housing Units | 122 (17.1%) |
| Median Home Value | $171,491 |
| Average Home Value | $198,387 |
Housing Distribution
Address Breakdown
Residential
506
Single Family
466
Multi-Family
40
Businesses
12
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Listed by: Alison Roush • Wiseman Real Estate
Mls Name: Athens County BOR
Mls Provider:
Mls ID: #2433601
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.