6711 Neanover RdSomervilleOH45064
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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 Somerville at 6711 Neanover Rd, Somerville, OH, 45064 uses $82,875 cash to close to unlock $7,322/yr annual cash flow and $610/mo monthly cash flow. Total monthly income runs $2,255/mo, and a $1,224/mo payment keeps the spread at $610/mo. Purchase price stands at $250,000, and rental yield measures 10.82% with $2,255/mo rent. Return on cash invested shows 28.74% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 150.79% and total cumulative return in cash records $124,966. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,255/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 2005
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45064, Somerville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,254 (100%) |
| Owner Occupied HU | 1,049 (83.7%) |
| Renter Occupied HU | 120 ( 9.6%) |
| Vacant Housing Units | 85 ( 6.8%) |
| Median Home Value | $317,227 |
| Average Home Value | $320,963 |
Housing Distribution
Address Breakdown
Residential
1,054
Single Family
1,054
Multi-Family
0
Businesses
13
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Listed by: Natalie Pence • Keller Williams Advisors Rlty
Mls Name: DABR MLS
Mls ID: #942796