703 W Light StUrbanaOH43078
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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 Urbana at 703 W Light St, Urbana, OH, 43078 generates $1,258/mo in rent and, after a $705/mo payment, leaves $311/mo in cash flow. Total monthly income is $1,258/mo, and annual cash flow is $3,727/yr on $47,736 invested. Return on cash invested sits at 27.72% in year one, and rental yield is 10.48% on a $144,000 entry. Equity gained on principal adds $929/yr, while 5% annual appreciation builds toward $39,785 over five years. Five-year ROI reaches 145.29% and total cumulative return in cash sums $69,354. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,258/mo property income rather than buyer’s personal income.
Single Family
Built in 1949
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43078, Urbana, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,456 (100%) |
| Owner Occupied HU | 6,238 (66.0%) |
| Renter Occupied HU | 2,505 (26.5%) |
| Vacant Housing Units | 713 ( 7.5%) |
| Median Home Value | $200,871 |
| Average Home Value | $247,874 |
Housing Distribution
Address Breakdown
Residential
8,838
Single Family
8,342
Multi-Family
496
Businesses
679
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Listed by: Susan Brown • Henderson Land Investment Co.
Mls Name: WRIST
Mls Provider:
Mls ID: #1036804
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.