704 Traverse Creek DrMilfordOH45150
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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 Milford at 704 Traverse Creek Dr, Milford, OH, 45150 listed at $302,000 pairs $2,045/mo rent with a $1,478/mo payment to leave $59/mo cash flow. Total monthly income runs $2,045/mo, and annual cash flow reaches $704/yr on $100,113 cash to close. Return on cash invested measures 20.61% in year one, and rental yield registers 8.13% at a $302,000 basis. Equity gained on principal adds $1,949/yr, and annual property appreciation at 5% supports $83,437 by year five. Five-year ROI tracks 107.14% and total cumulative return in cash totals $107,260. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,045/mo property income relative to a $1,478/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1998
2,321 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45150, Milford, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,911 (100%) |
| Owner Occupied HU | 10,381 (69.6%) |
| Renter Occupied HU | 3,846 (25.8%) |
| Vacant Housing Units | 684 ( 4.6%) |
| Median Home Value | $307,850 |
| Average Home Value | $320,610 |
Housing Distribution
Address Breakdown
Residential
14,156
Single Family
11,294
Multi-Family
2,862
Businesses
1,240
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