605 E 2nd StManchesterOH45144
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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 Manchester at 605 E 2nd St, Manchester, OH, 45144 uses $38,951 cash to close to unlock $8,055/yr annual cash flow and $671/mo monthly cash flow. Total monthly income runs $1,444/mo, and a $575/mo payment keeps the spread at $671/mo. Purchase price stands at $117,500, and rental yield measures 14.75% with $1,444/mo rent. Return on cash invested shows 40.59% in year one, and 5% annual appreciation builds toward $32,463 over five years. Five-year ROI reaches 214.37% and total cumulative return in cash records $83,498. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,444/mo property income covering a $575/mo payment rather than investor’s personal income.
Single Family
Built in 1956
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45144, Manchester, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,987 (100%) |
| Owner Occupied HU | 1,114 (56.1%) |
| Renter Occupied HU | 490 (24.7%) |
| Vacant Housing Units | 383 (19.3%) |
| Median Home Value | $166,193 |
| Average Home Value | $191,136 |
Housing Distribution
Address Breakdown
Residential
1,712
Single Family
1,712
Multi-Family
0
Businesses
83
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Listed by: N/A • N/A
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