64863 Karns RdCreolaOH45622
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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 Creola at 64863 Karns Rd, Creola, OH, 45622 offers a 12.52% rental yield on a $115,000 purchase with $1,200/mo rent. Total monthly income registers $1,200/mo, and a $563/mo payment leaves $443/mo available for distribution. Annual cash flow reaches $5,321/yr on $38,123 to close, and return on cash invested stands at 33.87% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Portfolio math shows five-year ROI at 178.25% and total cumulative return in cash at $67,953. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,200/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45622, Creola, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 240 (100%) |
| Owner Occupied HU | 171 (71.2%) |
| Renter Occupied HU | 28 (11.7%) |
| Vacant Housing Units | 41 (17.1%) |
| Median Home Value | $172,596 |
| Average Home Value | $236,901 |
Housing Distribution
Address Breakdown
Residential
228
Single Family
228
Multi-Family
0
Businesses
0
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