720 Millstone LnMount VernonOH43050
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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 Mount Vernon at 720 Millstone Ln, Mount Vernon, OH, 43050 priced at $569,000 pairs $2,458/mo rent with after a $2,785/mo payment. Total monthly income equals $2,458/mo. Return on cash invested is 11.82% in year one, and rental yield stands at 5.18% on a $569,000 basis. Equity gained on principal adds $3,672/yr, and 5% annual appreciation accumulates to $157,204 by year five. Five-year ROI measures 59.99% and total cumulative return in cash reaches $112,295. For financing, Ziffy Mortgage’s DSCR program evaluates $2,458/mo property income against a $2,785/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1989
1.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43050, Mount Vernon, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,103 (100%) |
| Owner Occupied HU | 7,989 (61.0%) |
| Renter Occupied HU | 4,090 (31.2%) |
| Vacant Housing Units | 1,024 ( 7.8%) |
| Median Home Value | $218,132 |
| Average Home Value | $263,580 |
Housing Distribution
Address Breakdown
Residential
12,305
Single Family
11,517
Multi-Family
788
Businesses
1,007
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Listed by: Sibley Poland • Red 1 Realty
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225018041
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.