620 E Washington StMontpelierOH43543
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Nearby investment properties with comparable prices
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 Montpelier at 620 E Washington St, Montpelier, OH, 43543 offers $951/mo rent that, after a $597/mo payment, leaves $149/mo cash flow. Total monthly income is $951/mo, and annual cash flow is $1,786/yr on $40,410 cash. Return on cash invested measures 24.33% in year one, and rental yield stands at 9.36% at a $121,900 entry. Equity gained on principal adds $787/yr while 5% annual appreciation compounds into $33,679 by year five. Five-year ROI records 127.05% and total cumulative return in cash reaches $51,340. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $951/mo property income versus a $597/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1921
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43543, Montpelier, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,505 (100%) |
| Owner Occupied HU | 2,361 (67.4%) |
| Renter Occupied HU | 721 (20.6%) |
| Vacant Housing Units | 423 (12.1%) |
| Median Home Value | $172,035 |
| Average Home Value | $234,213 |
Housing Distribution
Address Breakdown
Residential
3,307
Single Family
3,303
Multi-Family
4
Businesses
202
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Listed by: Jim Loss • Loss Realty Group
Mls Name: NORIS
Mls ID: #6135469