723 W Main St APT DKentOH44240
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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 Kent at 723 W Main St APT D, Kent, OH, 44240 priced at $115,000 converts $1,064/mo rent into $307/mo cash flow after a $563/mo obligation. Total monthly income equals $1,064/mo, and annual cash flow totals $3,689/yr on $38,123 invested. Return on cash invested prints 29.59% in year one, and rental yield reads 11.1% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 155.33% and total cumulative return in cash sums $59,217. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,064/mo property income covering a $563/mo payment, not borrower’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44240, Kent, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,908 (100%) |
| Owner Occupied HU | 9,003 (45.2%) |
| Renter Occupied HU | 9,113 (45.8%) |
| Vacant Housing Units | 1,792 ( 9.0%) |
| Median Home Value | $248,403 |
| Average Home Value | $283,411 |
Housing Distribution
Address Breakdown
Residential
18,271
Single Family
14,719
Multi-Family
3,552
Businesses
1,194
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