6515 Hawthorne DrAndoverOH44003
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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 Andover at 6515 Hawthorne Dr, Andover, OH, 44003 uses $69,615 cash to close to unlock $13,662/yr annual cash flow and $1,139/mo monthly cash flow. Total monthly income runs $2,520/mo, and a $1,028/mo payment keeps the spread at $1,139/mo. Purchase price stands at $210,000, and rental yield measures 14.4% with $2,520/mo rent. Return on cash invested shows 39.53% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 208.62% and total cumulative return in cash records $145,228. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,520/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Single Family
Built in 1998
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44003, Andover, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,881 (100%) |
| Owner Occupied HU | 1,403 (48.7%) |
| Renter Occupied HU | 343 (11.9%) |
| Vacant Housing Units | 1,135 (39.4%) |
| Median Home Value | $184,439 |
| Average Home Value | $198,346 |
Housing Distribution
Address Breakdown
Residential
1,436
Single Family
1,436
Multi-Family
0
Businesses
132
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