621 Rice 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 621 Rice St, Elmore, OH, 43416 with 5% annual appreciation on a $199,000 basis while $1,501/mo rent supports operations. Total monthly income totals $1,501/mo and a $974/mo payment preserves $192/mo for cash returns. Annual cash flow comes to $2,304/yr on $65,969 deployed, and return on cash invested reaches 23.4% in year one. Equity gained on principal adds $1,284/yr, and five-year appreciation sums $54,980 alongside rental yield of 9.05%. Five-year ROI measures 122.16% and total cumulative return in cash totals $80,586.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,501/mo property income versus a $974/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1861
0.64 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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