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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in South Amherst at 710 S Lake St, South Amherst, OH, 44001 uses $81,881 cash to close to unlock $1,299/yr annual cash flow and $108/mo monthly cash flow. Total monthly income runs $1,733/mo, and a $1,209/mo payment keeps the spread at $108/mo. Purchase price stands at $247,000, and rental yield measures 8.42% with $1,733/mo rent. Return on cash invested shows 21.49% in year one, and 5% annual appreciation builds toward $68,242 over five years. Five-year ROI reaches 111.9% and total cumulative return in cash records $91,624. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,733/mo property income covering a $1,209/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 44001, Amherst, OH area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,218 (100%) |
| Owner Occupied HU | 7,702 (83.6%) |
| Renter Occupied HU | 1,154 (12.5%) |
| Vacant Housing Units | 362 ( 3.9%) |
| Median Home Value | $254,032 |
| Average Home Value | $275,217 |
Residential
9,107
Single Family
8,815
Multi-Family
292
Businesses
627
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Erica M Elswick • Howard Hanna
Mls Name: MLS Now
Mls ID: #5147105
