624 Charolais Lake DrBidwellOH45614
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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 Bidwell at 624 Charolais Lake Dr, Bidwell, OH, 45614 offers a 8.64% rental yield on a $440,000 purchase with $3,168/mo rent. Total monthly income registers $3,168/mo, and a $2,154/mo payment leaves $273/mo available for distribution. Annual cash flow reaches $3,280/yr on $145,860 to close, and return on cash invested stands at 22.16% in year one. Equity gained on principal adds $2,839/yr while 5% annual appreciation supports $121,564 over five years. Portfolio math shows five-year ROI at 115.42% and total cumulative return in cash at $168,358. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,168/mo property income against a $2,154/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
3.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45614, Bidwell, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,951 (100%) |
| Owner Occupied HU | 1,310 (67.1%) |
| Renter Occupied HU | 465 (23.8%) |
| Vacant Housing Units | 176 ( 9.0%) |
| Median Home Value | $148,760 |
| Average Home Value | $170,447 |
Housing Distribution
Address Breakdown
Residential
1,876
Single Family
1,775
Multi-Family
101
Businesses
72
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Listed by: Carolyn Wasch • Wiseman Real Estate
Mls Name: Athens County BOR
Mls Provider:
Mls ID: #2431995
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.