6574 Lake RdMadisonOH44057
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 Madison at 6574 Lake Rd, Madison, OH, 44057 uses $52,874 cash to close to unlock $5,910/yr annual cash flow and $493/mo monthly cash flow. Total monthly income runs $1,542/mo, and a $781/mo payment keeps the spread at $493/mo. Purchase price stands at $159,500, and rental yield measures 11.6% with $1,542/mo rent. Return on cash invested shows 31.09% in year one, and 5% annual appreciation builds toward $44,067 over five years. Five-year ROI reaches 163.34% and total cumulative return in cash records $86,365. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,542/mo property income covering a $781/mo payment rather than investor’s personal income.
Single Family
Built in 1910
5,279 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44057, Madison, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,645 (100%) |
| Owner Occupied HU | 6,245 (72.2%) |
| Renter Occupied HU | 1,658 (19.2%) |
| Vacant Housing Units | 742 ( 8.6%) |
| Median Home Value | $221,282 |
| Average Home Value | $284,397 |
Housing Distribution
Address Breakdown
Residential
7,974
Single Family
7,824
Multi-Family
150
Businesses
484
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices