623 Bunker Hill RdAshtabulaOH44004
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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 623 Bunker Hill Rd, Ashtabula, OH, 44004 uses $36,432 cash to close to unlock $1,392/yr annual cash flow and $116/mo monthly cash flow. Total monthly income runs $839/mo, and a $538/mo payment keeps the spread at $116/mo. Purchase price stands at $109,900, and rental yield measures 9.16% with $839/mo rent. Return on cash invested shows 23.73% in year one, and 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 123.83% and total cumulative return in cash records $45,112. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $839/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1927
7,405 sqft 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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