603 S Gormley StForestOH45843
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
Rental property for sale in Forest at 603 S Gormley St, Forest, OH, 45843 offers $1,356/mo rent that, after a $832/mo payment, leaves $238/mo cash flow. Total monthly income is $1,356/mo, and annual cash flow is $2,856/yr on $56,322 cash. Return on cash invested measures 24.98% in year one, and rental yield stands at 9.58% at a $169,900 entry. Equity gained on principal adds $1,096/yr while 5% annual appreciation compounds into $46,940 by year five. Five-year ROI records 130.52% and total cumulative return in cash reaches $73,514. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,356/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45843, Forest, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,512 (100%) |
| Owner Occupied HU | 1,152 (76.2%) |
| Renter Occupied HU | 243 (16.1%) |
| Vacant Housing Units | 117 ( 7.7%) |
| Median Home Value | $184,740 |
| Average Home Value | $223,188 |
Housing Distribution
Address Breakdown
Residential
1,501
Single Family
1,501
Multi-Family
0
Businesses
54
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