604 Heritage SqJeffersonOH44047
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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 Jefferson at 604 Heritage Sq, Jefferson, OH, 44047 priced at $139,900 converts $1,164/mo rent into $244/mo cash flow after a $685/mo obligation. Total monthly income equals $1,164/mo, and annual cash flow totals $2,922/yr on $46,377 invested. Return on cash invested prints 26.21% in year one, and rental yield reads 9.98% against a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,652 by year five. Five-year ROI reaches 137.22% and total cumulative return in cash sums $63,639. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,164/mo property income covering a $685/mo payment, not borrower’s personal income.
Condo
Built in 1995
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44047, Jefferson, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,936 (100%) |
| Owner Occupied HU | 2,900 (73.7%) |
| Renter Occupied HU | 758 (19.3%) |
| Vacant Housing Units | 278 ( 7.1%) |
| Median Home Value | $209,343 |
| Average Home Value | $263,487 |
Housing Distribution
Address Breakdown
Residential
3,817
Single Family
3,795
Multi-Family
22
Businesses
311
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