6640 County Road 23Mount GileadOH43338
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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 Mount Gilead at 6640 County Road 23, Mount Gilead, OH, 43338 offers a 9.86% rental yield on a $174,700 purchase with $1,435/mo rent. Total monthly income registers $1,435/mo, and a $855/mo payment leaves $286/mo available for distribution. Annual cash flow reaches $3,431/yr on $57,913 to close, and return on cash invested stands at 25.83% in year one. Equity gained on principal adds $1,127/yr while 5% annual appreciation supports $48,266 over five years. Portfolio math shows five-year ROI at 135.11% and total cumulative return in cash at $78,249. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,435/mo property income against a $855/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43338, Mount Gilead, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,597 (100%) |
| Owner Occupied HU | 3,210 (69.8%) |
| Renter Occupied HU | 885 (19.3%) |
| Vacant Housing Units | 502 (10.9%) |
| Median Home Value | $222,399 |
| Average Home Value | $249,426 |
Housing Distribution
Address Breakdown
Residential
4,314
Single Family
4,262
Multi-Family
52
Businesses
309
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Listed by: Carol Lessick • Century 21 Excellence Realty
Mls Name: KCBR
Mls ID: #20250689