590 Hemingway AveLithopolisOH43136
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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 Lithopolis at 590 Hemingway Ave, Lithopolis, OH, 43136 uses $122,735 cash to close to unlock $14,071/yr annual cash flow and $1,173/mo monthly cash flow. Total monthly income runs $3,630/mo, and a $1,812/mo payment keeps the spread at $1,173/mo. Purchase price stands at $370,240, and rental yield measures 11.77% with $3,630/mo rent. Return on cash invested shows 31.37% in year one, and 5% annual appreciation builds toward $102,290 over five years. Five-year ROI reaches 164.93% and total cumulative return in cash records $202,424. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,630/mo property income covering a $1,812/mo payment rather than investor’s personal income.
Single Family
Built in 2024
8,712 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
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Listed by: Alexander A Hencheck • HMS Real Estate
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #224035247
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.