708 State Route 708Russells PointOH43348
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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 Russells Point at 708 State Route 708, Russells Point, OH, 43348 generates $1,535/mo in rent and, after a $783/mo payment, leaves $483/mo in cash flow. Total monthly income is $1,535/mo, and annual cash flow is $5,792/yr on $53,040 invested. Return on cash invested sits at 30.83% in year one, and rental yield is 11.51% on a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 161.93% and total cumulative return in cash sums $85,886. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,535/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43348, Russells Point, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,487 (100%) |
| Owner Occupied HU | 544 (36.6%) |
| Renter Occupied HU | 261 (17.6%) |
| Vacant Housing Units | 682 (45.9%) |
| Median Home Value | $218,750 |
| Average Home Value | $284,223 |
Housing Distribution
Address Breakdown
Residential
1,039
Single Family
1,036
Multi-Family
3
Businesses
122
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Listed by: Lindsay Miller • Oakridge Realty & Auction Co.
Mls Name: WCAR OH
Mls ID: #309075