7195 Lakeview RdHanovertonOH44423
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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 Hanoverton at 7195 Lakeview Rd, Hanoverton, OH, 44423 generates $2,694/mo in rent and, after a $1,659/mo payment, leaves $464/mo in cash flow. Total monthly income is $2,694/mo, and annual cash flow is $5,572/yr on $112,379 invested. Return on cash invested sits at 24.87% in year one, and rental yield is 9.54% on a $339,000 entry. Equity gained on principal adds $2,188/yr, while 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 129.96% and total cumulative return in cash sums $146,044. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,694/mo property income rather than buyer’s personal income.
Manufactured
Built in 2003
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44423, Hanoverton, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,001 (100%) |
| Owner Occupied HU | 709 (70.8%) |
| Renter Occupied HU | 150 (15.0%) |
| Vacant Housing Units | 142 (14.2%) |
| Median Home Value | $226,656 |
| Average Home Value | $279,150 |
Housing Distribution
Address Breakdown
Residential
996
Single Family
996
Multi-Family
0
Businesses
44
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Listed by: Cody Griffin • CENTURY 21 Lakeside Realty
Mls Name: MLS Now
Mls ID: #5174486