6361 Vore Ridge RdAthensOH45701
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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
Rental property for sale in Athens at 6361 Vore Ridge Rd, Athens, OH, 45701 priced at $199,900 converts $780/mo rent into after a $978/mo obligation. Total monthly income equals $780/mo. Return on cash invested prints 10.23% in year one, and rental yield reads 4.68% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 51.48% and total cumulative return in cash sums $34,117. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $780/mo property income covering a $978/mo payment, not borrower’s personal income.
Single Family
Built in 2021
25.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45701, Athens, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,893 (100%) |
| Owner Occupied HU | 5,295 (41.1%) |
| Renter Occupied HU | 6,517 (50.5%) |
| Vacant Housing Units | 1,081 ( 8.4%) |
| Median Home Value | $246,885 |
| Average Home Value | $296,346 |
Housing Distribution
Address Breakdown
Residential
12,484
Single Family
10,439
Multi-Family
2,045
Businesses
1,282
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Listed by: Amanda Lynn Cook • BARTLETT BENNER REALTY
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225002359
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.