7109 Hancock DrRussells PtOH43348
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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 Pt at 7109 Hancock Dr, Russells Pt, OH, 43348 generates $1,020/mo in rent and, after a $759/mo payment, leaves $0/mo in cash flow. Total monthly income is $1,020/mo, and annual cash flow is $1/yr on $51,383 invested. Return on cash invested sits at 19.91% in year one, and rental yield is 7.9% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 103.47% and total cumulative return in cash sums $53,164. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,020/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
4,356 sqft 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: Paula Hill • Fathom Realty OH LLC
Mls Name: WCAR OH
Mls ID: #307569