6412 South Ave #12BoardmanOH44512
Nearby investment properties with comparable rents
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
Investment property for sale in Boardman at 6412 South Ave #12, Boardman, OH, 44512 uses $84,499 cash to close to unlock $6,275/yr annual cash flow and $523/mo monthly cash flow. Total monthly income runs $2,400/mo, and a $1,248/mo payment keeps the spread at $523/mo. Purchase price stands at $254,900, and rental yield measures 11.3% with $2,400/mo rent. Return on cash invested shows 27.34% in year one, and 5% annual appreciation builds toward $70,424 over five years. Five-year ROI reaches 144.2% and total cumulative return in cash records $121,848. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Condo
Built in 2023
N/A lot
$N/A/sqft
$200 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44512, Youngstown, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,506 (100%) |
| Owner Occupied HU | 10,292 (62.4%) |
| Renter Occupied HU | 4,960 (30.0%) |
| Vacant Housing Units | 1,254 ( 7.6%) |
| Median Home Value | $171,856 |
| Average Home Value | $201,679 |
Housing Distribution
Address Breakdown
Residential
15,574
Single Family
13,151
Multi-Family
2,423
Businesses
1,821
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices