608 Union AveAshtabulaOH44004
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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 Ashtabula at 608 Union Ave, Ashtabula, OH, 44004 with 5% annual appreciation on a $136,000 basis while $2,732/mo rent supports operations. Total monthly income totals $2,732/mo and a $666/mo payment preserves $1,714/mo for cash returns. Annual cash flow comes to $20,572/yr on $45,084 deployed, and return on cash invested reaches 65.54% in year one. Equity gained on principal adds $878/yr, and five-year appreciation sums $37,574 alongside rental yield of 24.11%. Five-year ROI measures 349.33% and total cumulative return in cash totals $157,490.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,732/mo property income versus a $666/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44004, Ashtabula, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,725 (100%) |
| Owner Occupied HU | 8,611 (54.8%) |
| Renter Occupied HU | 4,963 (31.6%) |
| Vacant Housing Units | 2,151 (13.7%) |
| Median Home Value | $148,843 |
| Average Home Value | $183,060 |
Housing Distribution
Address Breakdown
Residential
14,394
Single Family
13,309
Multi-Family
1,085
Businesses
911
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Nearby investment properties with comparable prices
Listed by: Janis Dorsten • Gillespie Realty, LLC
Mls Name: MLS Now
Mls Provider:
Mls ID: #5173403
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