702 A&b WMount VernonOH43050
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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 Mount Vernon at 702 A&b W, Mount Vernon, OH, 43050 generates $3,720/mo in rent and, after a $587/mo payment, leaves $2,931/mo in cash flow. Total monthly income is $3,720/mo, and annual cash flow is $35,172/yr on $39,780 invested. Return on cash invested sits at 108.33% in year one, and rental yield is 37.2% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 577.45% and total cumulative return in cash sums $229,711. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,720/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43050, Mount Vernon, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,103 (100%) |
| Owner Occupied HU | 7,989 (61.0%) |
| Renter Occupied HU | 4,090 (31.2%) |
| Vacant Housing Units | 1,024 ( 7.8%) |
| Median Home Value | $218,132 |
| Average Home Value | $263,580 |
Housing Distribution
Address Breakdown
Residential
12,305
Single Family
11,517
Multi-Family
788
Businesses
1,007
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Listed by: Thomas F Collier • e-Merge Real Estate Champions
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225031221
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. Information is deemed reliable but not guaranteed.