816 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
Rental property for sale in Enon at 816 Spring Lake Cir, Enon, OH, 45323 priced at $182,000 converts $2,635/mo rent into $1,268/mo cash flow after a $891/mo obligation. Total monthly income equals $2,635/mo, and annual cash flow totals $15,212/yr on $60,333 invested. Return on cash invested prints 45.12% in year one, and rental yield reads 17.37% against a $182,000 entry. Equity gained on principal adds $1,174/yr, while 5% annual appreciation compiles into $50,283 by year five. Five-year ROI reaches 239.8% and total cumulative return in cash sums $144,681. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,635/mo property income covering a $891/mo payment, not borrower’s personal income.
Condo
Built in 1988
3,484 sqft lot
$N/A/sqft
$510 quarterly 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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Listed by: Jaime Florence • Gallery Homes Real Estate, LLC
Mls Name: DABR MLS
Mls Provider:
Mls ID: #913960
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