616 Johnson AveAllianceOH44601
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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 Alliance at 616 Johnson Ave, Alliance, OH, 44601 uses $38,123 cash to close to unlock $209/yr annual cash flow and $17/mo monthly cash flow. Total monthly income runs $774/mo, and a $563/mo payment keeps the spread at $17/mo. Purchase price stands at $115,000, and rental yield measures 8.08% with $774/mo rent. Return on cash invested shows 20.46% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 106.36% and total cumulative return in cash records $40,545. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $774/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1919
6,150 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44601, Alliance, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,809 (100%) |
| Owner Occupied HU | 8,563 (57.8%) |
| Renter Occupied HU | 4,914 (33.2%) |
| Vacant Housing Units | 1,332 ( 9.0%) |
| Median Home Value | $169,580 |
| Average Home Value | $200,568 |
Housing Distribution
Address Breakdown
Residential
14,023
Single Family
13,311
Multi-Family
712
Businesses
978
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