806 Spring Lake CirEnonOH45323
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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 Enon at 806 Spring Lake Cir, Enon, OH, 45323 uses $61,991 cash to close to unlock $5,571/yr annual cash flow and $464/mo monthly cash flow. Total monthly income runs $1,694/mo, and a $915/mo payment keeps the spread at $464/mo. Purchase price stands at $187,000, and rental yield measures 10.87% with $1,694/mo rent. Return on cash invested shows 28.9% in year one, and 5% annual appreciation builds toward $51,665 over five years. Five-year ROI reaches 151.6% and total cumulative return in cash records $93,978. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,694/mo property income covering a $915/mo payment rather than investor’s personal income.
Condo
Built in 1987
8.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 45323, Enon, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,330 (100%) |
| Owner Occupied HU | 1,702 (73.0%) |
| Renter Occupied HU | 509 (21.8%) |
| Vacant Housing Units | 119 ( 5.1%) |
| Median Home Value | $193,907 |
| Average Home Value | $239,175 |
Housing Distribution
Address Breakdown
Residential
2,248
Single Family
2,248
Multi-Family
0
Businesses
138
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