69 N Main StMinsterOH45865
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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
Rental property for sale in Minster at 69 N Main St, Minster, OH, 45865 priced at $199,000 converts $1,177/mo rent into after a $974/mo obligation. Total monthly income equals $1,177/mo. Return on cash invested prints 16.14% in year one, and rental yield reads 7.1% against a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation compiles into $54,980 by year five. Five-year ROI reaches 83.74% and total cumulative return in cash sums $55,242. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,177/mo property income covering a $974/mo payment, not borrower’s personal income.
Condo
Built in 1991
871.20 sqft lot
$N/A/sqft
$225 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45865, Minster, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,036 (100%) |
| Owner Occupied HU | 1,604 (78.8%) |
| Renter Occupied HU | 299 (14.7%) |
| Vacant Housing Units | 133 ( 6.5%) |
| Median Home Value | $303,768 |
| Average Home Value | $357,322 |
Housing Distribution
Address Breakdown
Residential
2,029
Single Family
2,029
Multi-Family
0
Businesses
210
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Listed by: Tim P. Hemmelgarn • Hemmelgarn Real Estate
Mls Name: WRIST
Mls Provider:
Mls ID: #1032175
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.