616 Ames StElmoreOH43416
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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 Elmore at 616 Ames St, Elmore, OH, 43416 uses $64,609 cash to close to unlock $5,327/yr annual cash flow and $444/mo monthly cash flow. Total monthly income runs $1,726/mo, and a $954/mo payment keeps the spread at $444/mo. Purchase price stands at $194,900, and rental yield measures 10.63% with $1,726/mo rent. Return on cash invested shows 28.15% in year one, and 5% annual appreciation builds toward $53,847 over five years. Five-year ROI reaches 147.57% and total cumulative return in cash records $95,343. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,726/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1988
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43416, Elmore, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,227 (100%) |
| Owner Occupied HU | 945 (77.0%) |
| Renter Occupied HU | 198 (16.1%) |
| Vacant Housing Units | 84 ( 6.8%) |
| Median Home Value | $193,555 |
| Average Home Value | $230,333 |
Housing Distribution
Address Breakdown
Residential
1,052
Single Family
992
Multi-Family
60
Businesses
87
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