7901 E Sparta AveMagnoliaOH44643
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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
Investment property for sale in Magnolia at 7901 E Sparta Ave, Magnolia, OH, 44643 listed at $294,000 pairs $1,103/mo rent with a $1,439/mo payment. Total monthly income runs $1,103/mo. Return on cash invested measures 9.68% in year one, and rental yield registers 4.5% at a $294,000 basis. Equity gained on principal adds $1,897/yr, and annual property appreciation at 5% supports $81,227 by year five. Five-year ROI tracks 48.55% and total cumulative return in cash totals $47,316. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,103/mo property income relative to a $1,439/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1926
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44643, Magnolia, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,345 (100%) |
| Owner Occupied HU | 972 (72.3%) |
| Renter Occupied HU | 294 (21.9%) |
| Vacant Housing Units | 79 ( 5.9%) |
| Median Home Value | $209,188 |
| Average Home Value | $236,713 |
Housing Distribution
Address Breakdown
Residential
1,198
Single Family
1,198
Multi-Family
0
Businesses
63
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